Tax Me If You Can
What would the average share [for corporations] of the total tax burden be over the past 50 years? What are corporations paying today?
That's a good comparison. If you look at, say, from 1950 to 2000, corporations averaged about 17 percent of the federal taxes. … All of a sudden now, down to 7 percent -- 7 percent of the government paid for by corporate taxes, compared to [a] quarter or a third 30 years ago, and even the whole period, 17 percent. So, yes, they're paying a whole lot less than they used to, and the rest of us are picking up the tab for it.
What would the average share [for corporations] of the total tax burden be over the past 50 years? What are corporations paying today?
That's a good comparison. If you look at, say, from 1950 to 2000, corporations averaged about 17 percent of the federal taxes. … All of a sudden now, down to 7 percent -- 7 percent of the government paid for by corporate taxes, compared to [a] quarter or a third 30 years ago, and even the whole period, 17 percent. So, yes, they're paying a whole lot less than they used to, and the rest of us are picking up the tab for it.
