Tax (Break) Day – Truthout

Listening to what corporate America has to say about their taxes, one might draw the conclusion that the US tax system places an unequal burden on big business. However, that’s simply not the case: Over the last 50 years, the corporate share of federal revenues has plunged from a high of almost 40 percent in 1943 to only 11 percent today. And while corporations pay less, individual Americans are making up the difference.

Income taxes paid by individuals will account for nearly half – 46 percent – of federal tax revenue in 2015, meaning individuals will contribute four times as much in income taxes as corporations do.

via Tax (Break) Day.

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