[Toddsterpatriot]

That is one of many rates.

What are the other rates?

1 in 6 of the 250 corporations paid NO tax from 1996-1998.

So what is your point? High rates are okay because a corporation with no income paid no taxes? LOL!

Those dates come from a study done by the Institute on Taxation and Economic Policy.

ITEP Board of Directors

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ITEP is governed by a group of leaders from academia, labor, and the policy community (affiliations used only for identification purposes):

President: Richard Pomp
University of Connecticut Law School

Vice-President: Robert Kuttner
The American Prospect

Howard Chernick
Hunter College

Henry Coleman
Rutgers University

Iris Lav
Center on Budget and Policy Priorities

Marie Monrad

Robert Reich
Brandeis University

Jean Ross
California Budget Project

Dianne Stewart
Center for Public Policy Priorities

Dean Tipps
Service Employees International Union

No studies from EPI or CPUSA available?

[Paperdoll]

CPUSA probably advised signing those agreements. What more do you need, Toddler?

[TxCopper]

Corporate income tax rates for 2007 range from 15% - 39%. The rates are a little screwy because it is a progressive tax based on taxable income, but when the amount goes from 335,000 to 10,000,000 the rate actually falls to 34, then at 10,000,000 to 15,000,000 it climbs to 35%. At 15,000,000 to 18,333,333 it is taxed at 38% and then it falls again back to 35%.

I didn't say that high rates were ok. They are not. If rates were lower, we would have more receipts. I just made the point that 1 in 6 of the 250 largest corporations paid no federal income tax during those years.