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Corporations avoiding taxes

To the Editor:

A cartoon in the Aug. 20 issue of West Newsmagazine asks why do we have the highest corporate tax rate in the world?

A better question is: Why do so many corporations avoid paying their taxes by special tax breaks, subsidies and tax loopholes as well as keeping money in offshore tax-free bank accounts?

Some very profitable corporations pay no taxes. It is weird that we subsidize oil companies that are making billions in profits.

Our infrastructure is in dire need of repair and replacement, but until corporations and wealthy people pay their fair share of taxes it will not happen.

-Lillian Umphres

 

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