Tax Racket

By Bill Maher

I was thinking about how relentless Mitt Romney used to be about the horrible, crushing 35 percent American corporate tax rate. This was never remotely true. No companies actually pay that -- according to the Government Accountability Office, the average effective corporate tax rate is about 12.6 percent -- but it is the rule on paper.

USA Today looked at Standard & Poor’s 500 top companies and found that, for the last 12 months, 57 of them have an effective tax rate of zero. They include: Verizon, MetLife, Regeneron Pharmaceuticals, Public Storage, Agilent Technologies, Seagate Technology, Broadcom, and News Corp.

You know, the guys who own Fox News. The channel that’s obsessed with lazy, good-for-nothing takers who don’t have any skin in the game.