Corporate welfare explained
08/27/2014 9:08 AM
08/29/2014 6:23 PM
Re "End corporate welfare" (Letters, Aug. 27): This is for John Reiger and others who need a little information on alleged freebies in taxes to corporations.
Corporate tax rate in the U.S. is combined 39.1 percent; the largest in the world. When implemented by a company, tax inversions will result in paying less in taxes in the U.S., which is a large loss. With the new spending to low-lifes, there will be much more debt.
Guess what will happen to the average, hard-working American and our taxes?
-- Eugene R. Reising, Sacramento
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