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.

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4 comments:

  1. netbackerJune 10, 2015 at 10:14 AM

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

    ReplyDelete
  2. netbackerJune 10, 2015 at 1:04 PM

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

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  3. The ArthurianJune 10, 2015 at 9:36 PM

    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.

    ReplyDelete
  4. netbackerJune 11, 2015 at 4:10 AM

    Thanks Art.

    ReplyDelete

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