REPORT: Corporations Pay Lower Tax Rates Than The Middle Class

REPORT: Corporations Pay Lower Tax Rates Than The Middle Class: Large, profitable U.S. corporations actually paid just a 12.6 percent effective tax rate in 2010. That’s barely a third of the 35 percent corporate rate on the books, and it’s actually lower than the median effective tax rate for middle-class Americans. The number comes from a Government Accountability Office (GAO) study intended to clarify the [...]/p