Wrong as always dumb ass. Corporate tax receipts are not down because of the economy. Corporate profits in 2011 were 14% higher than 2006 which was the record high prior to the 2007 recession. The effective corporate tax rate was 10% in 2011 and 22% in 2006. Corporate taxes were 2.6% of GDP in 2006 and were 1.2% of GDP in 2011. Corporate tax receipts were 14.7% of total federal tax receipts in 2006. They were 7.9% of total federal tax receipts in 2011.war board's resident fox news parrot tylamonroe wrote:If you read the post I am responding to, Death row Joe is trying to make some kind of fucked up case that Obama has lowered corporate taxes, because we are collecting less money. When, as you point it, the cause of that is a shitty economy not any change in the tax rate.
Corporations are simply facing a historically low tax burden under Obama.
Corporate Profits (billions):
2006: 1,608.3
2011: 1,827.0
Corporate Income Tax receipts (billions):
2006: 353.915
2011: 181.085
Effective Corporate Tax rate:
2006: 22%
2011: 9.9%
Corporate Income Tax receipts as % of total federal tax receipts
2006: 14.7% of federal receipts
2011: 7.9% of federal receipts
GDP (billions):
2006: 13,377.2
2011: 15,075.7
Corporate Tax receipts as % of GDP
2006: 2.6% of GDP
2011: 1.2% of GDP
Corporate profits as % of GDP
2006: 12% of GDP
2011: 12.1% of GDP
