[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.

[Toddsterpatriot]

I didn't say that high rates were ok. They are not. If rates were lower, we would have more receipts.

And more corporations.

I just made the point that 1 in 6 of the 250 largest corporations paid no federal income tax during those years.

Your original claim didn't say 250 largest.