More than 38,000 foreign corporations had no tax liability in 2005 and 1.2 million U.S. companies paid no income tax, the GAO said. Combined, the companies had $2.5 trillion in sales. About 25 percent of the U.S. corporations not paying corporate taxes were considered large corporations, meaning they had at least $250 million in assets or $50 million in receipts.Or better yet, Congress ... write up a better tax code. I mean come on, $2.5 trillion in sales, and here I am struggling to get by, like every other poor soul I know, and getting squeezed for every dang penny.
Tuesday, August 12, 2008
Dear IRS ...
... honestly, if you're going to audit anyone, why not pick one of these folks?
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