Most U.S. Corporations Pay No Income Tax

http://dealbook.blogs.nytimes.com/2008/08/13/study-tallies-corporations-not-paying-income-tax/

Sigh.

Well, here we go again.

The income tax is immoral and the fact that corporations have to pay income taxes is immoral. That won't stop the left from indulging in the same old corporation-bashing and the right from making the same old weak, impotent apologies.

This state of affairs will continue until the moral case has become accepted in mainstream American culture for - not merely Capitalism as such - but for Capitalism's moral base, which is rational egoism.