Majority of corporations avoid federal income taxes - study - Aug. 12, 2008: "NEW YORK (CNNMoney.com) -- Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday...."
Norton's comment: If corps. were the engine that created the most jobs, then this might be worth it; however, it is SMALL BUSINESS that creates the jobs AND PAY TAXES AND SUFFER UNDER COMPLEX REPORTING REGULATIONS! Regulation is NOT a bed word. It is those designed to be complicated to provide escape holes for corporate interests and to sustain legal fees / business that I object to! Currently, our system does NOT function as a democracy, does NOT benefit the populace or the voters. It serves the corporate interests that are contrary to benefiting the middle class that has always driven economic growth.
The Middle Class is DEAD. When do we have the funeral? Shall we wait until the whole economic system in the USA collapses or have it now? What do you think?
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