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Thursday, December 08, 2011
Study Finds Some Corporations Paid No State Income Taxes
A new study finds that at least 68 profitable corporations paid no state income taxes anywhere in the country in one of the last three years, according to their annual reports and official government filings.
Tax laws were (are) written by millionaires FOR millionaires. Whats the surprise (or news) here? The IRS will gouge your eyes out for not paying ALL of your taxes. Take your entire paycheck for failing to pay every penny. Confiscate your bank account without notice. But that stuff is just for the "common man", not for "corporations" (which, by the way, are defined by law as "persons"). Rich persons, that is. Which probably explains everything.
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Tax laws were (are) written by millionaires FOR millionaires. Whats the surprise (or news) here? The IRS will gouge your eyes out for not paying ALL of your taxes. Take your entire paycheck for failing to pay every penny. Confiscate your bank account without notice. But that stuff is just for the "common man", not for "corporations" (which, by the way, are defined by law as "persons"). Rich persons, that is. Which probably explains everything.
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