Wednesday, June 10, 2015

Not robbing Peter


Taxes on Corporate Income relative to Corporate Profits After Tax
The government take has fallen from $1.20 (1943) to about 27 cents (2013) per dollar of corporate after-tax profit.

4 comments:

netbacker said...

Hmm, so in 1943, corporations had to pay more than their profits as tax? Not quite sure what $1.20 means in this context.

netbacker said...

How about another graph to compare Individual income after taxes? What would be govt take

The Arthurian said...

Hey netbacker.

"How about another graph to compare Individual income after taxes?"

Tomorrow's post: Not paying Paul.

"Not quite sure what $1.20 means in this context."

The graph shows how much the IRS took, for each dollar corporations kept (after taxes). For every $1.20 the government got, corporations kept $1.00 after taxes. Before taxes it was $2.20. Then the govt took $1.20, leaving corps with $1.

netbacker said...

Thanks Art.