The corporate income tax rate is the US is 35%, but the effective - TopicsExpress

The corporate income tax rate is the US is 35%, but the effective tax rate after corporate lobbyist tax loopholes are applied is 17%. Many large American corporations, like GE for example, pay zero income tax. Virtually all fast-food chains pay their workers non-livable wages and strongly oppose raising the minimum wage. The American tax payer picks up the social subsidies tab (food stamps, Medicaid, etc) for those corporations which in effect subsidizes those corporate profits. But thats not enough welfare for businesses like Berger King and Walgreens who have yet another lobbyist inspired loophole in the form of a tax inversion gimmick they can take advantage of by moving to a country like Canada or the Netherlands who have lower tax rates AND free healthcare. Welcome to the new world order of corporate trickle-down and flow-up, citizen, there was an ideological war disguised as a conservative economic movement while you were sleeping. You lost.

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