Corporations Avoided All Federal Income Taxes 98- 05

WASHINGTON - Unlike the rest of us, most U.S. corporations and foreign companies doing business in the United States pay no federal income tax, according to a new report from Congress.


The study by the Government Accountability Office, expected to be released today, said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over that period.


Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.


"It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen. Byron L. Dorgan of North Dakota, who asked for the GAO study with fellow Democratic Sen. Carl Levin of Michigan.

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If you think about it, this is crazy! What if we made all U.S. and "Foreign" (Cayman Islands) Corporations pay their constitutionally mandated Federal Income Taxes...and ended Federal Income Tax for individuals? There would be more money in the Treasury than ever. Too bad we continue to get ripped off and continue to do nothing about it.

Muslims More Numerous than Catholics

No analysis just the article:

By ALESSANDRA RIZZO

Associated Press Writer

VATICAN CITY (AP) - Islam has surpassed Roman Catholicism as the world's largest religion, the Vatican newspaper said Sunday.

"For the first time in history, we are no longer at the top: Muslims have overtaken us,'' Monsignor Vittorio Formenti said in an interview with the Vatican newspaper L'Osservatore Romano. Formenti compiles the Vatican's yearbook.

He said that Catholics accounted for 17.4 percent of the world population - a stable percentage - while Muslims were at 19.2 percent.

"It is true that while Muslim families, as is well known, continue to make a lot of children, Christian ones on the contrary tend to have fewer and fewer,'' the monsignor said.

Formenti said that the data refer to 2006. The figures on Muslims were put together by Muslim countries and then provided to the United Nations, he said, adding that the Vatican could only vouch for its own data.

When considering all Christians and not just Catholics, Christians make up 33 percent of the world population, Formenti said.

Spokesmen for the Vatican and the United Nations did not immediately return phone calls seeking comment Sunday.

Original source here.