"The Corporate Betrayal of America"
In his opinion column, Paul Buchheit breaks down how Corporations benefit from our government research, national defense, legal and educational systems, and our infrastructure – but pay fewer taxes, cut workers, and refuse to reinvest their profits in research or job development.
"From 2003 to 2011 total corporate profits more than doubled from $900 billion to almost $2 trillion, but the corporate income tax rate dropped by more than half, from 22.5 percent to 10 percent... According to U.S. PIRG and Citizens for Tax Justice, 280 top-earning Fortune 500 companies, which together paid only half of the maximum 35 percent corporate tax rate, received $223 billion in tax subsidies."
