Quick Review & Quiz

Current receipts of the Federal government (blue) and, for comparison, the portion of that which comes from corporate income taxes (red):

Revenue from the corporate income tax as a percent of Federal government receipts:

Next up, the two components of corporate profits: the portion that goes to pay corporate income tax (red) and the portion that remains after taxes (blue):

And the same two components as a ratio: Federal government tax receipts on corporate income as a percent of corporate profits after tax:

Q: At what point did rising corporate taxes begin to interfere with economic growth?