Most US and Foreign Companies Don't Pay Taxes

. Tuesday, August 12

Get this. Between 1998 and 2005, two-thirds of US and foreign owned corporations doing business in the US paid no federal income taxes, said a new report from Congress. The Government Accountability Office study shows corporations reported trillions in sales yet paid nothing to support our country. About 25% of these corporations were considered large corporations with at least $50 million in receipts.  The GAO study did not report how these corporations avoided paying taxes, but there now is a call for them to "pay their fair share" from two Democratic senators.

If you ask me, this is something that should have been brought to the public eye a long time ago. The government exists to protect Big Business, yet they pay nothing for it. It's more than time to return the government to one that is "for the people, by the people."