Economics Government

Corporations Used to Pay Almost One-Third of Federal Taxes. Now it’s One-Tenth

Stay ahead of the curve... Get top posts first!

Thank you for subscribing!

Get updates on Facebook

Many are starting to realize that the system is beyond broken and that it is also rigged! The Corporate income tax system is a great example, people know it is broken, but meaningful changes never seems to happen.

Corporations are responsible for far less of a tax burden and often do not pay any taxes than they used to.

Corporations account for a much smaller share of the tax revenue pie and American middle class supports the nation with their tax burden.

>In 1952, corporations accounted for 32.1 percent of federal revenue and as of 2013, it was less than 10 percent.

Corporations are also very good at finding ways to pay less and they keep it so by paying big money during lobbying activities to make it easier and easier each year.

>The GAO found that all corporations who filed M-3s (a tax form for large and international corporations) paid an effective tax rate of 22.7 percent in 2013. Among profitable companies only, the rate was even lower, at 17 percent.

[SOURCE](http://www.vox.com/2014/7/25/5936837/chart-us-corporations-declining-tax-burden-inversions-corporate-tax)

Want our best on Facebook?

Facebook comments

“Corporations Used to Pay Almost One-Third of Federal Taxes. Now it’s One-Tenth”