Corporations score tax windfall | Arkansas Blog

Corporations score tax windfall



Another reminder in the New York Times today of why income tax rates hold little meaning since so many loopholes reduce the effect of high marginal rates.

Here, the Times details how corporations score huge windfalls by being able to claim deductions for huge stock options granted top executives. The deductions far exceed the cost of the options. Corporations have resisted efforts to fix the law.

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