Thirty of biggest U.S. companies paid zero income tax

November 3rd, 2011, 06:18 PM

Thirty of biggest U.S. companies paid zero income tax over last three years despite making combined profits of $160billion | Mail Online

November 3rd, 2011, 09:33 PM

Thanks for the headline. Harder to be surprised anymore in this day and age. CNBC's "American Greed" show had an episode where it was reported the IRS misses out on hundreds of billions of taxes evaded or not reported by a large segment of the public taxpayer base.

November 3rd, 2011, 09:38 PM

Cloudy

Thanks for the headline. Harder to be surprised anymore in this day and age. Once proud American majority cultural values on every level from institutional to individual are disintegrating. Now it's all about break all the rules you can get away with, and take the money and run. CNBC's "American Greed" show had an episode where it was reported the IRS misses out on hundreds of billions of taxes evaded or not reported by a large segment of the public taxpayer base. i.e. "everyone does it". Not saying the current tax system shouldn't be severely reformed.

I'm thinking the income tax and corporate tax should be abolished completely and just have some kind of VAT instead. Food and so forth would be exempted of course,...

Thirty of biggest U.S. companies paid zero income tax

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Thirty of biggest U.S. companies paid zero income tax