The biggest, most profitable American companies paid only a fraction of the taxes they would owe under the official corporate rate, according to a study released on Monday by the Government Accountability Office. http://www.nytimes.com/2013/07/02/business/big-companies-paid-a-fraction-of-corporate-tax-rate.html?ref=us Using deductions and legal loopholes, large corporations enjoyed a 12.6 percent tax rate far below the 35 percent tax that is […]