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Because you only hear about the outliers that have gigantic losses that they carry forward to reduce their tax burden in future years (like GE). Most corporatio
by jstalin 12y ago
Because you only hear about the outliers that have gigantic losses that they carry forward to reduce their tax burden in future years (like GE). Most corporations don't avoid taxation to the extent that the popular consciousness seems to think.
Even gigantic, evil Exxon Mobil paid a lot of taxes. In 2013 they paid $24 billion in taxes on $57 billion in pre-tax income.
http://cdn.exxonmobil.com/en/shareholder-archive/~/media/Reports/Other%20Reports/2014/2013_ExxonMobil_Financials.pdf http://cdn.exxonmobil.com/en/shareholder-archive/~/media/Rep...