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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