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Corporate tax, as a share of total taxation in the US, has dropped from 30% to 10% since the 50's ... yet wages have been pretty stagnant since the 80's (in rea
by philjohn 5y ago
Corporate tax, as a share of total taxation in the US, has dropped from 30% to 10% since the 50's ... yet wages have been pretty stagnant since the 80's (in real terms).
- todd8 5y agoThe top corporate tax rate had been ~35% for roughly 25 years ; in 2018 it dropped to 21% and wage growth has indeed increased since 2018. Were wages positively affected by the lower corporate tax rate? I don’t know, so many factors affect the economy; corporations might choose to lower prices or do more research on better products or issue greater dividends to attract capital for expansion. I was just making the point that we humans end up paying somehow for the spending that the government chooses for us and that I would rather make these tax costs more visible to the people actually paying the taxes.
- CalChris 5y agoAverage effective tax rate for corporations is considerably less than the top rate, so much so for companies like the FAANGs as to make a mockery of corporate tax as being anything more than a guarantee of full employment for tax attorneys. OTOH, brick and mortar which has to compete against Amazon has the privilege of paying for Amazon.