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Last I checked (last year, I think?), the amount the federal government takes in corporate taxes relative to corporate profit was lower than 25%. Looking again,
by terribleperson 1y ago
Last I checked (last year, I think?), the amount the federal government takes in corporate taxes relative to corporate profit was lower than 25%. Looking again, it looks like it's around 13%? See https://fred.stlouisfed.org/series/FCTAX https://fred.stlouisfed.org/series/FCTAX and https://fred.stlouisfed.org/series/A446RC1A027NBEA https://fred.stlouisfed.org/series/A446RC1A027NBEA