How workers – not companies – are bearing the growing burden of government

The Conversation | J Zagorsky

Many corporate leaders complain bitterly about the taxes they pay, pointing to the fact that the statutory rate is the third-highest in the world at 39 percent. Nevertheless, many corporations have become quite skilled at avoiding taxes, meaning the effective rate they actually pay is considerably less, or an average of 19 percent in 2012. As a result, overall businesses’ funding of the federal government has fallen dramatically since 1945. Back then, corporations provided over one-third of all federal revenue. In 2015, the figure was a bit over 10 percent, a three-fold reduction.

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