Many Profitable Corporations Pay Zero Federal Income Taxes, GAO Finds
WASHINGTON, April 13 – Large, profitable American corporations paid just 14 percent of their profits in federal income taxes on average from 2008 through 2012 and about one-fifth of them paid nothing at all each year, according to a new study prepared for Sen. Bernie Sanders by the Government Accountability Office. “There is something profoundly wrong in America when one