8 corporations that pay less in taxes than you do

These companies made billions—and paid no U.S. taxes-
We're working on filing our individual taxes, figuring out what we owe or what to do with our refunds. (Tax day is April 18!) Congress has ... more 
These companies made billions—and paid no U.S. taxes-
We're working on filing our individual taxes, figuring out what we owe or what to do with our refunds. (Tax day is April 18!) Congress has been fighting about finances and talking about tax rates. Meanwhile, several giant corporations made billions in profits, but paid next to nothing in U.S. taxes, points out Independent Vermont Senator Bernie Sanders.

How do they get away with it?

"We are committed to complying with tax rules and paying all legally obliged taxes," GE spokesperson Anne Eisele told the New York Times. "At the same time, we have a responsibility to our shareholders to legally minimize our costs."

Yes, the top corporate tax rate in the United States is one of the highest in the world: a whopping 35 percent. (The average tax rate for individuals in the United States is about 22 percent; you can less 
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Tue, Nov 8, 2011 5:02 PM EST
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