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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (65302)	2/3/2012 1:58:01 PM
From: DuckTapeSunroof	1 Recommendation Read Replies (1) \| Respond to of 103300

With Tax Break, Corporate Rate Is Lowest in Decades WSJ BUSINESS FEBRUARY 3, 2012, 1:02 P.M. ET online.wsj.com BY DAMIAN PALETTA WASHINGTON—U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years. Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008. Corporate income-tax receipts typically fall during recessions, ...