[JoeRedskin]

Originally Posted by Chico23231

Biggest Public Firms Paid Little U.S. Tax, Study Says - Yahoo! Finance

Any opinion on these FACTS. I have to emphasize facts in this thread. Little to none seem to be found other than NCSkins is an aggressive a$$hole. Just playin NC

Good article. Several of the 280 corporations referenced appeared to have legitimate reasons for paying less taxes - deferred taxes to be paid in the future or significant business losses resulting in write-offs. At the same time, it is clear that the for ~ 25% of the corporations studied, the US's 35% corporate tax rate is just an illusion.

Obviously, through the elimination of inappropriate shelters/loopholes, the "real" corporate tax rate needs to be brought in line with that of other western nations. At the same time, the US rate of 35% is higher than any other comprable nation so part of any reform would require a lowering of the 35% rate across the board so that companies currently complying (again, about 25% per the article) would not be competitively penalized.

As with most things economic, the problem and/or solution can rarely be fully elicited in a blurb headline - hey, people need to get to the "grit of the story". [In so asserting, and as you, Chico, voiced no opinion on the matter, I am in no way asserting that you, Chico, are unable to do so - I do, however, w/hold judgment on NC_Skins' ability to do so - - ].