Large, profitable U.S. corporations actually paid just a 12.6 percent effective tax rate in 2010. That’s barely a third of the 35 percent corporate rate on the books, and it’s actually lower than the median effective tax rate for middle-class Americans. The number comes from a Government Accountability Office (GAO) study intended to clarify the terms of debate as lawmakers weigh changes to the business tax code.
MORE: http://thinkprogress.org/economy/2013/07/02/2248801/report-corporations-pay-lower-tax-rates-than-the-middle-class/?mobile=nc
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