Most U.S. companies avoid income taxes
August 13, 2008 – 10:00 am by John
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2 Responses to “Most U.S. companies avoid income taxes”
Despite the rhetoric, only individuals pay taxes.
By David Z on Aug 13, 2008
Yeah, I’m glad you brought that up. I was going to, but I wanted to make a quick link-and-run post. My understanding is that businesses don’t pay taxes because they simply cover the costs of the taxes by passing on the costs to their customers. Is there a more technical/legal/economic reason businesses don’t really pay taxes?
By John on Aug 13, 2008