Paul Ryan likes to tell everyone that businesses are suffering from being over-taxed. He is wrong. This from Forbes.
Are corporations paying too much in taxes?Are U.S. companies paying too much in federal taxes, and therefore hindering job creation? That depends on whom you ask. Getting to a satisfactory answer to that question is about as complicated as the tax code itself. General Electric paid nothing in taxes last year due to write-offs associated with losses from its financial services arm, GMAC. Google paid an effective rate of around 2%, far below the 35% statutory corporate rate for publicly traded companies filing as C Corporations.