Moneyquote: "Consider the resources that GE spends to lowers its tax bill, not just the many millions spent on clever accounting and accountants and the many millions spent on lobbying but also the many inefficient ways that GE structures its businesses just to avoid paying taxes and the many millions it invests in socially wasteful projects just in order to produce privately valuable tax credits. Now add to that the allocational inefficiencies of taxing some firms at different rates than others and you have a corporate tax system which wastes a lot of resources and raises relatively little revenue. Indeed, a corporate tax system with a tax rate of zero could well be preferable as it would waste fewer resources and raise not much less revenue."

Billions in revenue made every year. State taxes paid $0.

Ontario is far too stupid to do this.

Moneyquote: "It’s easy to understand why the rich tech elite support Democrats on economic issues. They’re smart enough to wish we could return to an economy like we had under Bill Clinton."