Citizens for Tax Justice has analyzed corporate tax rates from 2008 to 2010. The report [PDF] examines over half of the Fortune 500 companies
Perhaps it’s no surprise that the richest industries get the biggest subsidies, starting with finance and Big Energy. That’s how the 1% operate.
Notably, 56 percent of the total tax subsidies went to just four industries: financial, utilities, tele-communications, and oil, gas & pipelines.
But hey, Solyndra got a $500 million loan and went bankrupt so that is story the media focuses on over and over again, rather than the big robbery in broad daylight.