A perfect example of why we need to level the playing field for all businesses. From USA Today:
27 giant profitable companies paid no taxes
Death and taxes are supposed to be two certainties of life. But a few companies have at least escaped the taxes part.
There are 27 companies in the Standard & Poor's 500, including telecom firm Level 3 Communications (LVLT), airline United Continental (UAL) and automaker General Motors (GM), that reported paying no income tax expense in 2015 despite reporting pre-tax profits, according to a USA TODAY analysis of data from S&P Global Market Intelligence.
We have the highest corporate tax rate of any nation - we need to cut this down to 10% and strip out all the loopholes and exemptions. Federal revenues would skyrocket (Laffer Curve) and businesses would flourish.
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