The Corporate Tax Comeback

September 11, 1988 04:51 PM | | Bookmark and Share

It’s outrageous. By the middle of this decade, the United States tax code had become so riddled with loopholes that the biggest, most profitable corporations in the nation could routinely thumb their noses at the federal tax collector-and do so legally and with impunity. Meanwhile, people who worked for those corporations- from the secretarial pool to the assembly line-stood by and watched as taxes were withheld week after week from their paychecks. They felt like they were being had. And they were.

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