posted on Jan, 6 2012 @ 11:26 AM
Totally not corruption...
Forget Stocks Or Bonds, Invest In A
The American Jobs Creation Act benefited hundreds of multinational corporations with a huge, one-time tax break. Without the law, companies that
brought profits earned abroad back to the U.S. had to pay a tax rate of 35 percent. With the law, that rate dropped to just over 5 percent. It saved
those companies billions of dollars.
In a recent study, researchers Raquel Alexander and Susan Scholz calculated the total amount the corporations saved from the lower tax rate. They
compared the taxes saved to the amount the firms spent lobbying for the law. Their research showed the return on lobbying for those multinational
corporations was 22,000 percent. That means for every dollar spent on lobbying, the companies got $220 in tax benefits.
Of course not all lobbying ends up with huge returns like that, but you get the point.