News And Information On Wall Street, The Crooks That Run It, The Money Wall Street Uses To By Politicians And Coverage Of The People Standing Up To This Greed And Corruption
Friday, February 3, 2012
U.S. Corporate Tax Rate Plunges To 40 Year Low Of 12.1 Percent
U.S. Corporate Tax Rate Plunges To 40 Year Low Of 12.1 Percent: pIn 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 and the use of offshore tax havens. According to the Congressional Budget Office, in fact, corporate tax receipts as a share [...]/p