Monday, August 18, 2008

Cash Cows

You’re going to hear more of the Government Accountability Office report stating that U.S. corporations have paid no income tax for a span of about seven years. The question that this report should have answered and that media outlets should have asked: Did these corporations make any profits? This would head off any unfair comments by those in the public and politicians that view corporations and companies as cash cows that never pay their share. Never let anyone tell you that the media is not biased or trying to stir up resentment to sell newspapers. In an answer to the GAO report, Daniel Mitchell of the Cato Institute does an excellent job of explaining corporate taxes in this PODCAST

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