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You're being no less misleading than he is. > 258 profitable Fortune 500 companies paid an average effective federal income tax rate of 21.2% So of the Fortun

You're being no less misleading than he is. > 258 profitable Fortune 500 companies paid an average effective federal income tax rate of 21.2% So of the Fortune 500, 242 companies are unprofitable. Seriously? That ignores all the companies using legislation they helped craft to give themselves tax credits and the accounting tricks they use to bring their profits to "zero." Hell, the list itself is pathologically biased towards those businesses. Seems the rest of the country has figured out Hollywood accounting.

deleted 8y ago
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twblalock 8y ago
It sounds like your problem is with the article, not with me. I did not misrepresent what the article said.
- ErikVandeWater 8y ago
  As a general rule, and this applies to me too, if the article is misleading and you quote the article, that misleading aspect of it should be noted in your comment. At least on Hacker News.
vonmoltke 8y ago
242 are unprofitable or do not have profit/tax information publicly available. The Fortune 500 only requires revenue numbers to be public for inclusion.