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U.S. Companies Pay Just One-Third Of The Legal Tax Rate: GAO Study
Direct link to the report.
http://www.gao.gov/assets/660/654957.pdf
Wonder how the US conservatives are going to explain this one away..... I am guessing they are going to target the GOA as partisan or something similar.
I don't get what the big deal is. Pretty much every entity in the country, both businesses and private individuals, actually pay quite a bit lower tax rate than the bracket they're in. My wife and I are in the 28% bracket I think and we usually only pay about 15%.