The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: DuckTapeSunroof who wrote (59608)	11/3/2011 2:03:14 PM
From: DuckTapeSunroof	1 Recommendation Read Replies (2) of 103300

The statutory U.S. corporate income tax rate is 35 percent, one of the highest in the world, but over the 2008-2010 period, very few of the companies studied paid it, said the report. The average effective tax rate for the companies over the period was 18.5 percent, said Citizens for Tax Justice and the Institute on Taxation and Economic Policy, both think tanks.... reuters.com GE ( GE), El Paso ( EP) and Honeywell ( HON) are among 30 large and profitable U.S. corporations that paid no income taxes in 2008-2010, a study shows. The report, from the advocacy group Citizens for Tax Justice and the Institute on Taxation & Economic Policy, examined 280 Fortune 500 companies, and found that very few paid the statutory corporate income tax rate of 35%, with the average being 18.5%.

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