NPR reports: Many Large Corporations Are Paying No Income Taxes

I expect some people will call this report an attack on capitalism, which of course it isn’t.

Report: Many Large Corporations Are Paying No Income Taxes : The Two-Way : NPR

Citizens for Tax Justice, a left-leaning research organization in Washington, D.C., sifted through the financial reports of 280 Fortune 500 companies and found that 78 of them paid no federal income tax in at least one of the past three years. Thirty companies, the study found, paid a negative tax rate over the three-year period.

Keep in mind that the companies in question are in the Fortune 500, not the struggling startups and small businesses that the GOP pretends to care about. These companies have manifestly benefitted from the way our economic system is set up, and yet they’re willing to let that system fail in favor of their own selfishness. It beats me how that has anything to do with capitalism.

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