Here they are: The Durbin plan. Modifications of foreign tax credit rules applicable to major integrated oil companies which are dual capacity taxpayers. U.S. taxpayers are taxed on their income worldwide, but are entitled to a dollar-for-dollar tax credit for any income taxes paid to a foreign government. U.S. oil and gas companies have been Read the full article…
It’s not possible to tell what any US corporation pays in US income taxes. They are not required to publish their tax returns and the government can’t release them without permission. You can’t really determine the US income tax from published data. It’s too complex. The GE tax return for 2007 was reportedly 24,000 pages. Read the full article…
What is it with Illinois and our politicians? The state is broke. The state sent Obama to Washington to break the nation. He’s well on his way. Somehow he will keep the spending at present or higher levels and extract the money he needs, trillions, from the wealthiest Americans. The group that already pays 59% Read the full article…
