How Corporations Get Out Of Paying Taxes

 
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    May 16, 2011 at 5:00 am

    Huge corporations make a ton of money, so how to those same corporations get out of paying taxes? Did you know that in the 1950’s, corporate taxes accounted for 30% of all federal revenue? Now, corporate taxes have been relegated to  just 6.6% of the government’s income, which may account for much of the current economic crisis the U.S. is currently facing. Whatever the case, there’s a directly inverse correlation between the size and power of major corporations in the U.S. and the amount of corporate tax they have to pay. Online MBA put together this great graphic about just how much things have changed:

    [Source: onlinemba.com]

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