Here's a source of tax revenue for that LaHood asshole:
August 13, 2008 (AP)
Two-thirds of U.S. corporations paid no federal income taxes from 1998-2005, according to a new report from the nonpartisan Government Accounting Office. About 68 percent of foreign companies doing business in the U.S. also avoided corporate taxes during the same period. Collectively, the companies reported trillions of dollars in sales. More than 38,000 foreign corporations had no tax liability in 2005 and 1.2 million U.S. companies (66.7%) paid no income tax. About 25% of large U.S. corporations -- those with at least $250 million in assets or $50 million in receipts -- did not pay corporate taxes. The GAO analyzed data from the IRS, examining samples of corporate returns from 1998-2005. For 2005, it examined 110,003 tax returns from among more than 1.2 million corporations doing business inside the United States. Tax figures since 2006 were not examined.
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