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Politics : Formerly About Advanced Micro Devices
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To: puborectalis who wrote (651626)4/17/2012 10:53:56 AM
From: i-node  Read Replies (1) of 1583406
 
That is about the dumbest excuse for a "study" I've ever seen. Idiots doing it.

Compared to what their taxes would have been if their 2007 tax rates were applied to their 2010 income, we estimate that these eight companies saved a combined $11.2 billion on $120 billion in reported 2010 profits. If we assume that the entire reduction was due to their lobbying, the return on investment would be 2,069%. Of course, this is probably not the case. Without a detailed analysis of these companies’ taxes, it would be impossible to tell why their rates fell. But we can observe that it is very unlikely that the eight companies that lobbied the most between 2007 and 2009 all would have seen such significant drops in their tax rates by random chance alone.

Statistically, the likelihood of the eight firms that ran up the biggest lobbying tabs all lowering their reported tax rates by chance alone is just under one percent (assuming we take the overall probability of an individual company lowering its taxes at 55 percent). Moreover, only 19 of the nation’s 200 highest earning companies reduced their tax rate by more than seven percentage points. Within this universe of companies, the likelihood of six of the Big Eight lowering their rates by at least seven percentage points purely by random chance is less than 1 in 100,000.

Without a detailed analysis of these companies’ taxes, it would be impossible to tell why their rates fell.

Exactly. Taxation is complicated business. You can't just run a simple linear regression and make any conclusion, WHATSOEVER.

This is just stupid.
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