Note the following graph.
While Individual Income Taxes as a percentage of GDP have risen slightly from about 7.5% in the early 1950s to about 8% in 2014, Corporate Income taxes as a percentage of GDP have dropped from about 5% in the early 1950s to less than 2% in 2014.
Yet we continue to hear corporation CEOs and the right wing wing nuts cry about high corporate taxes. Here's a hint, they're greedy lying bastards.
Wednesday, September 03, 2014
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