Many Profitable Corporations Pay Zero Federal Income Taxes, GAO Finds

WASHINGTON–(ENEWSPF)–April 14, 2016 – 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 out of five profitable corporations pay nothing in federal income taxes,” Sanders said. “Large corporations…