Talk of The Villages Florida - View Single Post - Most companies in US avoid federal income taxes
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Old 08-16-2008, 02:17 PM
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Default Re: Most companies in US avoid federal income taxes

I am going to ask some stupid questions here so keep your snickers and giggles to yourself but I am not sufficiently informed onthis stuff...so here goes...

1. Corporations that do not pay income taxes need to have "deductions" or credits to make that happen, and in most cases those deductions and/or credits have been allowed because they,on the surface, are good for the country(economy, etc). IS THIS TRUE ?

2. If it is true, the report does not delve into that. Does that not make the report a bit skewed ?

While I generally agree with most comments by STEVEZ and VILLAGE KAHUNA, I find it (the report) to be too much "black and white".

Thanks to whomever takes the time to educate me