Republican's claim corporate taxes are too high is a claim based on a fallacy.
Federal corporate taxes collected in 1952 was 6.1% of GDP and fell to 1% in 2010 the LOWEST since 1936.
Two-thirds of all U. S. corporations are S corporations and pay 0 corporate federal taxes and many S corporations are worth billions of dollars.
Billions of dollars in tax loopholes for big oil enabled Exxon-Mobile to make profits of $82,561.00 per minute last year.
Corporate profits have soared to record highs while the number of people without jobs and living in poverty also soared to record numbers.
The total value of corporations converting to Real Estate Trusts (REIT'S) to avoid paying taxes has increased from $9 billion in 1990 to $451 billion in 2011. American Tower saved $400 million annually, Equinix saved $150 million annually and Iron Mountain saved $150 million annually by converting to REIT'S.
