US taxes corporations at highest rate -- Except they don't pay any taxes | Wis.Community

US taxes corporations at highest rate -- Except they don't pay any taxes

Incredible.

That means unbelievable.

The Journal Sentinel's PolitiFact, which prides itself on putting things "into context" -- which is how it justifies its frequently warped conclusions -- says Rep. Fat Jim Sensenbrenner's (Isn't that what the F stands for? See photo) claim that US corporations pay the highest tax rate in the world -- 35% -- is

No mention of the fact that the Government Accountability Office says that two-thirds of US corporations pay no federal income tax at all.  Zero.  Zip. Zilch. Nada.

In fact, PolitiFact Ohio (it's a franchise operation) checked a claim by Rep. Marcia Fudge that some of the biggest corporations pay NO taxes. Her statement rated

Any corporation that is paying 35% needs a new accountant.

Published

October 12, 2011 - 6:40pm

Author

randomness