I thought I just heard that in the 1950s corporations in the U.S. paid 37% of taxes. Today they only pay 10%, with the balance coming from individuals. Anyone have a cite for this?
Try the Treasury Department and Office of Management and Budget. They just released figures on Friday showing the U.S. deficit this year will only be $319 billion, instead of the $412 billion forecast.
Corporations pay about 13% of U.S. taxes, as long as your consider social security deductions from your paycheque-- that’s about 40% of the total gov’t income.