So …
1. Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.
2. Corporate profits are at a 60 year high.
3. Real wages are falling.
So, tell me again about how …
a. Obama is oppressing US corporations.
b. Corporations can't possibly hire people because they are suffering under such a tax burden.
c. The only answer is to cut corporate taxes further, give them tax holidays to bring in foreign-earned revenues at a wildly lower rate, and elect a new president who will help corporations do better.
Just curious. #ddtb
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U.S. Corporate Tax Rate Plunges To 40 Year Low Of 12.1 Percent
In recent decades, corporate tax revenue has plunged, falling from about 6 percent of gross domestic product in the 1950′s to less than 2 percent today, due to a proliferation of corporate tax breaks …