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.

Posted by The Arthurian at 4:00 AM

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.

June 10, 2015 at 10:14 AM
netbacker said...

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

June 10, 2015 at 1:04 PM
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.

June 10, 2015 at 9:36 PM
netbacker said...

Thanks Art.

June 11, 2015 at 4:10 AM

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