Corporations Should File Individual 1040 Tax Returns

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Outrageous: Many U.S. corporations paid No Income Tax in 2009

Alternet Excerpt:
Last week, Forbes magazine published what the top U.S. corporations paid in taxes last year. “Most egregious,” Forbes notes, is General Electric, which “generated $10.3 billion in pretax income, but ended up owing nothing to Uncle Sam. In fact, it recorded a tax benefit of $1.1 billion.” Big Oil giant Exxon Mobil, which last year reported a record $45.2 billion profit, paid the most taxes of any corporation, but none of it went to the IRS.

But since the U.S. Supreme Court recently ruled that corporations have the same rights as individuals, shouldn't they be filing IRS form 1040A instead of loopholing and offshoring themselves out of paying corporate taxes loaded with all of those business tax breaks?