Citizens for Tax Justice (CTJ) released an examination on Wednesday that said that a dozen major companies had, between them, an average effective tax rate of roughly -1.5 percent between 2008 and 2010 — well below the top marginal corporate rate of 35 percent.
-Study finds many corporations pay tax rate of effectively zero - The Hill’s On The Money
Keep in mind that this rate of “effectively zero” is actually less than zero (-1.5%). Republicans have an odd definition of “over-taxed.”
Source: thehill.com
