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Political Factoid
During the last three years, the
federal income tax bill for 280
of the biggest publicly traded
American companies was only
18.5 percent of their profits.
- Roughly half of the official corporate
rate of 35 percent.
- Lower than their competitors in many
industrialized countries.
One fourth of the 280 corporations
owed less than 10 percent of profits
in federal income taxes.
30 companies had zero federal
tax liability for the entire
three-year period.
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