U.S. Corporate Tax Rate Plunges To 40 Year Low Of 12.1 Percent
source: http://thinkprogress.org/economy/2012/02/03/418171/corporate-taxes-40-year-low/?mobile=nc
-
-
- kvb1
- added this
"Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That’s the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008."
So not only is Mittens paying less in taxes than those struggling to survive, but corporations are paying even less. When trillions of dollars in profits are made every year by corporations, you would think that they would be paying a fair rate. The myth is that we have the highest corporate tax rate in the world. The true is that we have the largest set of loop holes that allow our corporations to pay one of the lowest tax rates in the industrial world.
http://thinkprogress.org/economy/2012/02/03/418171/corporate-taxes-40-year-low/?...
So not only is Mittens paying less in taxes than those struggling to survive, but corporations are paying even less. When trillions of dollars in profits are made every year by corporations, you would think that they would be paying a fair rate. The myth is that we have the highest corporate tax rate in the world. The true is that we have the largest set of loop holes that allow our corporations to pay one of the lowest tax rates in the industrial world.
http://thinkprogress.org/economy/2012/02/03/418171/corporate-taxes-40-year-low/?...
-
- tags:
- Taxes, Corporations, Corporate Greed, romney, 1 more
