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Blog from Public Agenda

Death and taxes are said to be the only certainties in this world, but for 1.2 million U.S. companies, and over 38,000 foreign companies doing business in the fifty states, the federal income tax bill for 2005 was zero. That's according to a General Accounting Office study which says the combined sales of the companies was $2.5 trillion dollars. About a quarter of the U.S. corporations on the list have at least $250 million in assets or $50 million in receipts.