06 July 2007

As I See It: Dare to Be Rich

The Four Hundred--As I See It: Dare to Be Rich

"Showing the way, the Big Dog of IT has certainly figured out ways of keeping more of its money. In 1999, Microsoft reported $12.3 billion in U.S. income, but paid exactly zero-zip-zilch in federal taxes. (OK, so I'm jealous.) More recently, during a two year span, the software giant paid a whopping 1.8 percent in taxes on earnings of $21.9 billion. Now that's a tax burden the rest of us could live with."

A truly disgusting look at how multi-billion dollar corporations in America get away with paying almost no taxes at all.

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