The system is gamed and all of these tax loopholes. The definition of "income" is so skewed by the tax code it isn't funny. The lobbyists and other groups which have pushed through what are actually tax subsidies to all of these companies and people who have tax deductions.
And in the text is this, "The study said the most that might be gained in additional tax revenue from eliminating tax breaks was $150 billion, because
of political opposition and technical hurdles, the newspaper said. "
This is just the realization that the corporate world will just find another way to avoid the tax.......
the truth is that companies are very good at avoiding paying taxes and there needs to be a min tax on corporate profit to stop companies like GE who
paid about 2 percent on $82 Billion in profit during the last 10 years.
(visit the link for the full news article)