How are we supposed to check a claim about “one out of four large corporations” when there is no definition of what is a large corporation? The meme might refer to this New York Times article, but if so it misrepresent it (“…the study concluded that a quarter of the 280 corporations owed less than 10 percent of profits in federal income taxes and 30 companies had no federal tax liability for the entire three-year period.”).
Also, what is the period of the record breaking profits, and what is the period of 25% of the large corporations not having to pay any tax? Were those corporations by any chance not those with record breaking profits? Or maybe they had carryover losses, which a lot of banks have these days because of bad mortgages?
BTW, if corporations don’t have a separate existence (“corporate personhood”), wouldn’t that mean that they shouldn’t be charged taxes, but funnel the income and associated costs (such as taxes) to the shareholders they represent?
h/t Courtney Ballard