Sixty of America’s biggest companies from the Fortune 500 list, including IBM, Netflix, General Motors and Chevron, managed to avoid paying a dime in income taxes on their whopping profits last year.
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Can't say I blame them. Taxation is theft. Can't be mad at an individual or company for avoiding a robbery.
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Pretty much all companies avoid taxes because they incorporate all expenses into their prices. In fact, the more profitable the business, the easier it is to just “hide” their taxes in the price tag. Thus, no business actually pays taxes. Only consumers do.
Disgusting.