But billionaires aren't the only ones that use loopholes to pay lower taxes. Thirty of America's most profitable corporations used rules like the "active financing exception" -- allowing corporations to sidestep paying taxes on overseas profits if they were derived by "actively financing" some activity or deal -- to pay less than zero in income taxes, according to a recent report from the Center for Tax Justice.
"Republicans will argue that the corporate tax rate in America is one of the highest in the world. But due to republican corporate tax loopholes virtually none of it is paid. Many corporations pay little or no taxes whatsoever."