Kansas City Star: Who would argue taxes with H&R Block? This guy, but only a little

Who would argue taxes with H&R Block? Matt Gardner would, but only a little.

Gardner was the lead author of a recent study by the Institute on Taxation and Economic Policy titled “The 35 Percent Corporate Tax Myth.”

The study’s conclusion was that many big, profitable companies already pay far less than the 35 percent federal corporate income tax rate that President Donald Trump says he wants to cut.

The institute checked 258 companies and found they paid on average about 21 percent of their U.S. earnings in current federal taxes over the eight years studied. It said 100 of them paid no current federal income tax in at least one of those eight years, with 18 having paid no current federal income taxes throughout the study’s eight-year horizon.

“It reveals that many of the big corporations that are lobbying for a lower corporate tax rate to be more ‘competitive’ already pay substantially less than the 35 percent statutory rate,” an announcement of the study said.