* Here is something that will raise your blood pressure--
Citizens for Tax Justice:
280 Most Profitable U.S. Corporations Shelter Half Their Profits from Taxes.
“These 280 corporations received a total of nearly $224 billion in tax subsidies,” said Robert McIntyre, Director at Citizens for Tax Justice and the report’s lead author. “This is wasted money that could have gone to protect Medicare, create jobs and cut the deficit.”
...30 Companies average less than zero tax bill in the last three Years, 78 had at least one no-tax year.....
....U.S. corporations with significant foreign profits paid tax rates to foreign countries that were almost a third higher than they paid to the IRS on their domestic profits....
Full Report Here
There is a lot within this report and some of it applies to companies with Ohio ties. This is just a smidgen of the info:
(Effective Federal Corporate Income Tax Rates)
Ashland (page 25: 3 yr.: tax rate 6.7%),
J.P.Morgan Chase & Co. (page 26: 3 yr. tax rate 30.1%)
Omnicare (page 27: 3 yr.: tax rate 5.1%)
Marathon Oil (page 30: 3yr. tax rate 15.8%)
Which candidates and elected officials don't want to raise taxes on corporations and millionaires?????
