12 Corporations pay tax rate of -1.5% on $171B in profits, then it gets worse

The Citizens for Tax Justice put out a report that shows that Twelve Corporations Pay Effective Tax Rate of Negative 1.5% on $171 Billion in Profits; Reap $62.4 Billion in Tax Subsidies What this means, boys and girls, is that not only did they NOT PAY ANY TAXES but, worse, WE PAID THEM TO DO BUSINESS. Sound fair? No, no it's not. Legal, yes. Unethical? For sure. Insane? You bet. This is no way to run a country. Feel like a sucker yet? See the report here: http://www.ctj.org/ctjreports/2011/06/twelve_corporations_pay_effective_tax_rate_of_negative_15_on_171_billion_in_profits_reap_624_billion.php; http://www.scribd.com/doc/56809745/12-Corporations-Pay-Effective-Tax-Rate-of-Negative-1-5-on-171-Billion-in-Profits