That 39% corporate tax rate is a joke Bob- there are so many special credits and loop-holes that hardly any companies pay that. Some pay none at all. Thats the problem- our political system has become so corrupt that those with money can literately "buy" the laws and regulations they want to enable them to get even richer- and the public be damned!
In the last 30 years I've seen countless rules and regulations in my business that were put in place for the good of the public repealed because big chain broadcasters went to Congress money in hand to get these laws repealed. One example is the rules that use to limit how many stations one company could own- it was there to insure that monopolies wouldn't control the industry and put small local stations out of business. Now there are virtually no limits and big chains come in and buy up all the locally owned stations so instead of local owners providing programming tailors to local needs- you get robot stations that relay some satellite feed out of NY or LA and doesn't care beans about what the local market needs.
The same thing happens in just about every other business as well. As soon as a small company begins to have some success it is gobbled up by some big conglomerate- invariably resulting in lost jobs and higher prices. Antitrust laws are a joke now. We have the best politicians money can buy.