Editorial - The Corporate Free Ride - Editorial - NYTimes.com: "An investigation by the Government Accountability Office found that almost two-thirds of companies in the United States usually pay no corporate income taxes. Big companies, those with more than $50 million in sales or $250 million in assets, are less likely to avoid Uncle Sam altogether. Still, about a quarter of them report no tax liability either.
The G.A.O., which looked at tax returns from 1998 through 2005, does not tell us exactly how so many corporations managed to avoid the taxman. It simply notes that they were able to record sufficient expenses — salaries, interest and “other deductions” — to cancel out their taxable income."
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