Funny story, from Reuters columnist David Cay Johnston:
Over the past four years Murdoch's U.S.-based News Corp. has made money on income taxes. Having earned $10.4 billion in profits, News Corp. would have been expected to pay $3.6 billion at the 35 percent corporate tax rate. Instead, it actually collected $4.8 billion in income tax refunds, all or nearly all from the U.S. government.
There is even a handy chart! News Corp.'s tax rate is apparently minus 46 percent. That is obviously heroic, because paying taxes is a crime against liberty. Also, "News Corp. has 152 subsidiaries in tax havens," which is more than all other large U.S. companies besides Morgan Stanley and Citigroup.
So! Based on how upset Fox personalities were that NBC took like six days to cover that outrageous news about its parent company's shady tax avoidance, I am 100 percent positive that Bill O'Reilly will declare Rupert Murdoch to be a "pinhead" on tonight's "Factor."
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