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Corporate Taxes HUGE Under Obama, Right? Wrong, Here Are The Facts

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Danielle
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"The term "corporate social responsibility" is fast becoming an oxymoron. A new report on how little big companies pay in taxes is further proof.

"A comprehensive, five-year study of 288 profitable Fortune 500 companies finds that twenty-six paid no federal corporate income tax over the five-year period; 111 paid no federal corporate income tax in at least one of the last five years, and one-third paid a U.S. tax rate less than 10 percent over the same period," says a recent study by Citizens for Tax Justice, a Washington, D.C.-based group.

Among the companies that paid not a single penny over five years, despite making huge profits, are household names such as Boeing, General Electric, Priceline.com, and Verizon."* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Amitabh Pal / The Progressive:


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