Many firms avoided taxes in late 1990s

From the LA Times via the Houston Chronicle:

More than half of U.S. corporations paid no federal income taxes during the boom years of the late 1990s, and those that did were able to shelter much of their income, according to congressional accountants.

The report by the General Accounting Office raises questions about whether the corporate income tax burden is too light and distributed unequally. It could undermine arguments that U.S. companies are overtaxed and provide ammunition to politicians and activists who claim companies are using loopholes to avoid paying their fair share.

Click here for the rest.

Choose the most appropriate cynical quip:

A. Sigh.

B. So much for good corporate "citizenship."

C. I guess Leona Helmsley was right. Taxes really are for "little people."

D. BITE ME YOU BLOOD-SUCKING CAPITALIST PIGS!

E. All of the above.

F. A and B only

G. C and D only

H. None of the above, just a dirty look at your monitor screen.

God, I've really gotten to the point where I hate multiple choice tests...ah, what the hell, I pick "D."

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