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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (2432)	12/16/2014 1:03:33 PM
From: Jerome	Read Replies (1) \| Respond to of 26869

Hey Kirk, We may have a high published tax rate for corporation. But no corporation has to pay that amount, because there are so many exemptions in the tax code. The average corporate tax rate (for those corporations that pay anything) is about 16%. Now if a corporation ever paid anything close to 35%, their first move should be to fire their tax advisors for incompetence, and sue them for negligence and out right stupidity. I have previously posted the names of companies that paid no Federal Income Tax (GE and GM for example). Oil companies despite record earnings benefit from the oil depletion allowance which usually puts them in the ZERO tax bracket. . I believe that all the talk about a 35% tax rate for corporations is hog wash. Find me a few major companies that are part of the S&P that paid anywhere near that amount.