Menu

Home › Forums › Other › Off Topic Barney Frank on spending. “Plenty of rich people we can tax” › afx114 wrote:Frank is a well

October 22, 2008 at 10:31 AM #291525
Arraya
Participant

[quote=afx114]Frank is a well known socialist, so why is this news?

Besides, he was probably refering to all of the rich who don’t pay their taxes anyway:

[/quote]

Or maybe businesses..

http://www.cbsnews.com/stories/2008/08/12/national/main4342535.shtml

Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

Collectively, the companies reported trillions of dollars in sales, according to GAO’s estimate.