'DuPont pays no tax on $3B profit, and it's legal'

and we wonder why we are broke................from delawareonline..........

"Wilmington's DuPont Co. rebounded impressively in 2010 after two years of recession, with global profits soaring 73 percent to $3 billion, including $950 million in pre-tax U.S. profits.


DuPont's tax accountants deserve some of the credit. They devised a strategy that allowed DuPont to not only avoid federal income taxes altogether last year, but to accrue a $109 million tax benefit, according to year-end financial statements DuPont filed with the U.S. Securities and Exchange Commission".............LINK