Bernie Sanders (thanks Vermont voters, you assholes), Our Resident Socialist Goof..........

Sen. Bernie Sanders, the self-described socialist, put out a list of 10 corporate giants that pay little or no income tax. With one exception, Carnival Cruise Lines, all 10 fall into three broad categories.

• Government contractors (GE, Boeing)
• Bailed-out banks (Bank of America, Citi, Goldman Sachs)
• Energy firms that get assorted tax credits (Exxon Mobil, Chevron, ConocoPhillips, Valero).

So if you want to avoid corporate income taxes, the lesson is to either become an integral part of the government… or employ a massive lobbying force to secure favors for your industry.

That's a terrible lesson for the rest of us. For Cisco's John Chambers, the take-away is that he's better off casting his lot overseas. It's a shame, but we can hardly blame him. If capital goes where it's treated best, for many companies, the United States isn't currently the place.