"A new analysis of 258 profitable Fortune 500 companies that earned more than $3.8 trillion in profits showed that, although the top corporate rate is 35 percent, hardly any company actually pays that."
"The truth is that we have a rigged tax code that has essentially legalized tax dodging for large corporations. Offshore tax haven abuse has become so absurd that one five-story office building in the Cayman Islands is now the 'home' to more than 18,000 corporations."
"Tax reformers have long argued that the nominal 35 percent federal rate on corporate profits more often than not functions like a strike-through price — an artificially inflated number that sounds high but rarely applies. Thanks to a variety of loopholes and tax-dodging methods, those 258 corporations paid an average rate of 21.2 percent."