Letter: Corporations get all the breaks
Thursday, December 20, 2012
I couldn't agree more with Robert Wassman's Dec. 6 letter, "Moochers drag down the rest of us." After all, every year, some corporations on the S&P 500 pay no federal income tax. Likewise, when taken as a percentage of the gross domestic product. Corporations today pay a third of the taxes they paid in 1950. Meanwhile, they take advantage of all the infrastructure of the country, as well as the protection of our legal system to do business. They accomplish this by having around 12,000 registered lobbyists in Washington, D.C., to make sure that as many laws as possible are written in their favor and at the expense of average Americans.