3 ms·
Don't forget much higher tax rates on corporate profit, combined with big R&D tax credits. Most of this went away when tax rates were lowered in the 1980s, and
by matthewdgreen 1y ago
Don't forget much higher tax rates on corporate profit, combined with big R&D tax credits. Most of this went away when tax rates were lowered in the 1980s, and the focus shifted to delivering profits back to shareholders.