It's your money they're wasting.(The Taxonomist)
American Prospect, The, November, 2004 by McIntyre, Robert S.
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In September, my group, Citizens for Tax Justice, released a major study on corporate tax avoidance. We looked at 275 of the largest and most profitable Fortune 500 companies and found that almost a third managed to pay nothing (or less) in federal income taxes in at least one of the first three years of the Bush administration.
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Over that period, the 275 companies reported $1.1 trillion in pretax U.S. profits to their shareholders, but told the IRS that they'd made less than half of that. One company, General Electric, enjoyed $9.5 billion in tax breaks over the three years. And ...
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