Thursday, May 23, 2013

Corporate taxes way down

Continuing from this story, see the following chart from this source:

Bottom line: corporate taxes, including payroll taxes, has gone from 32% in 1950 to 17% today. This means that the individual tax burden has risen to 61% of total federal revenue, up 45% from 1950. Funny how the regressives want to go back to the 50s in terms of 'family values' but not in terms of taxes, when something resembling the American dream was still possible.

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