At least 26 Fortune 500 companies including GE and Duke Energy paid no U.S. federal income taxes during 2008-11, in part because of the break for accelerated depreciation, according to Citizens for Tax Justice. “These big, profitable corporations are continuing to shift their tax burden onto average Americans,” says the group's director. “This isn’t fair to the rest of us."
At least 26 Fortune 500 companies including GE and Duke Energy paid no U.S. federal income taxes...
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