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Tax Increases? Big Companies Probably Not Worried (02/15/11)

President Obama released his FY2012 budget that outlines higher taxes for just about everyone.  Not worried are savvy corporate accountants and lawyers that for years have figured out new and ingenious ways to game the tax system.  Google for example made $5.5 billion last year but only paid an effective tax rate of 2.4%.  According to this article, it is not unusual for a big company to only pay 6% to 7% in effective taxes.   In Summary:  Big companies don't pay taxes, get bailouts, and get subsidies.  You get your jobs shipped elsewhere, pay the taxes, and get no bailouts.  Read about it here, here, and here.