Sunday, May 29, 2011

Credits, exemptions and deferrals

Most U.S. businesses must file and pay income tax. The tax code provides a variety of credits, exemptions and deferrals that allow some companies to pay less than others. Data-tracking company Capital IQ cited the following three companies that paid less than 1 percent of their earnings on taxes over a recent five year period: CMS Energy (0%), Chesapeake Energy (.3%), and Boeing (.7%).
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