Archives for May 2016

May 2016 - Page 27 of 30 - Money Morning - Only the News You Can Profit From

Bernie Sanders Is Right on U.S. Corporate Taxes - Most Pay Zero

Bernie Sanders is fond of pouncing on the topic of U.S. corporate taxes on the campaign trail. Specifically, he says companies need to pay their "fair share."

And a recent Government Accountability Office (GAO) has confirmed what Sanders has been saying.

Nearly 20% of large U.S. companies that turn a profit pay no corporate taxes to Uncle Sam in any given year, the GAO found.

Nearly 20% of large companies pay zero in U.S. corporate taxes in any given year. Here's how they pull it off - and why this abomination will never be fixed...