profits soar but where's the revenue ??

"Over the last few decades, U.S. corporate tax revenue plunged to historic lows, falling from about 6 percent of GDP in the 1950s to barely more than 1 percent of GDP today."

 "....while corporate profits have rebounded to their pre-recession heights, setting a record in the third quarter of 2011, corporate tax revenue..."

 

"..., corporate taxes measured on a 12-month basis were still under $200 billion in November. That is well below a precrisis peak of about $380 billion and still far below the government’s fiscal 2012 target of $332 billion."

"Corporate tax revenue has plummeted for several reasons, but one of the big ones is the growth of deductions, loopholes, and outright tax evasion .... 30 major corporations, in fact,paid no corporate income taxes over the last three years, while making $160 billion in profits."