Thursday, September 23, 2004

maybe a flat tax would be an improvement !

because as it is, corporate america is basically taking a pass on paying taxes these days:

The current study found that nearly one in three companies, or 82, of the 275 examined paid no federal income tax in at least one year from 2001 to 2003, the period covered by the study. In the period, 82 companies had pretax profit of $102 billion.

Last year, 46 of the 275 companies surveyed paid no federal income tax, up from 42 companies in 2002 and 33 in 2001, according to the study. Over all, the number of companies that paid no taxes increased 40 percent during the period.

wait, the last three years ? as in, since W. was elected and started rewriting tax policy ? must be a coincidence. . .

- LH

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