Most U.S. Corporations Do Not Pay Taxes in the U.S.

A report released by the U.S. Government Accountability Office yesterday showed that approximately two-thirds of American Corporations do not actually pay taxes in the United States.

While the purpose of the report was to compare foreign-controlled domestic corporations (FCDC’s) to U.S. controlled corporations (USCC’s), the report also showed that most of both do not have a tax liability in the United States.

(hat-tip, zTruth)

Here is a sobering quote by Abe Lincoln:

I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. . . . corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed. –U.S. President Abraham Lincoln, Nov. 21, 1864 (letter to Col. William F. Elkins) Ref: The Lincoln Encyclopedia, Archer H. Shaw (Macmillan,
1950, NY)

Also see:

• Corporate Diversity…Subverting the Constitution?
• Corporate Diversity…Socialism’s Change Agent?
• More Subversion of the Constitution through the American Corporation
• When American Corporations were “American”
• Why America is Doomed! (Unless we Change) [Part 1] and [Part 2]