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Corporate income tax accounts for a whopping 9% of federal taxes for 2017. It's projected at 7% for 2019. Pathetic. Historically, this tax as a percentage of GD
by ashelmire 8y ago
Corporate income tax accounts for a whopping 9% of federal taxes for 2017. It's projected at 7% for 2019. Pathetic. Historically, this tax as a percentage of GDP is pretty low: https://www.taxpolicycenter.org/statistics/corporate-income-tax-share-gdp-1946-2015 https://www.taxpolicycenter.org/statistics/corporate-income-....
Those "good reasons" appear to be "because our representatives like to keep their paychecks coming and fashion the tax code in a way favorable to corporations". You can complain about "populist sound-bytes" all you'd like, but it's absurd for a company to use so many public resources and pay nothing.