Robert Reich - Artful Dodging
TOMPAINE.com - Artful Dodging
America gasped when it learned that Enron didn't pay a dime of taxes on $2 billion of reported earnings between 1996 and 1999. Well, it turns out Enron wasn't exactly an exception. A new study by the General Accounting Office shows that between 1996 and 2000—years of record profits for American businesses—fully 60 percent of large corporations paid no taxes at all. And you can bet they haven't paid any taxes since.
America gasped when it learned that Enron didn't pay a dime of taxes on $2 billion of reported earnings between 1996 and 1999. Well, it turns out Enron wasn't exactly an exception. A new study by the General Accounting Office shows that between 1996 and 2000—years of record profits for American businesses—fully 60 percent of large corporations paid no taxes at all. And you can bet they haven't paid any taxes since.
posted by A. J. Franklin @ 10:23
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