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A Fake Tax That Doubles Oil Pipeline Profits

August 30, 2016

For years a regulation has forced Americans to pay the corporate income taxes of an industry that Congress exempted from that tax in 1986, an outrage I have chronicled for years.

Now a federal court has determined that this taxpayer abuse is worse than I reported. In fact, it’s twice as bad.

Yet despite the latest court ruling in a long-running case, this rip-off may continue.

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