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AP Corrects Corporate Tax Story

By: Josh Barro

The AP has issued a correction of the corporate taxation story we criticized yesterday. The story had erroneously claimed that 25% of U.S. corporations paying no income taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. in 2005 met the GAO's definition of a "large" corporation. (The actual proportion was 0.28%). The corrected version of the AP story is here; it's still not a good analysis of the GAO report, though it's at least free of apparent factual errors.