corporate wealth

3 Stories

30 Top Corporations Paid US No Taxes, Despite Profit

Few companies actually pay 35% rate

(Newser) - America may have a lofty 35% corporate tax rate—but who actually pays that? A new study from a pair of left-leaning think tanks examined 280 Fortune 500 companies from 2008-2010, and found that their average effective rate was 18.5%, with a quarter paying less than 10% and 30... More »

US Corporate Profits Reach Record High

But don't expect hiring to follow

(Newser) - Recession or no, US corporate profits hit an all-time high of $1.66 trillion in the last quarter, reports the New York Times . It's the highest figure since the government began tracking the stat more than 60 years ago, though it trails the record set in the third quarter of... More »

Dems Take Aim at Big Business

Obama and Clinton turn up the heat heading into Wisconsin, Ohio primaries

(Newser) - Hillary Clinton and Barack Obama, heading into primaries in states struggling with joblessness and the mortgage crisis, are sharpening their attacks on big business, the Wall Street Journal reports. Both are lambasting oil companies, corporate tax cuts, and health insurers. Tuesday’s Wisconsin primary will be a test of which... More »

3 Stories