Re:How the Rich Reap Huge Tax Breaks From Private Nonprofits
by refurb on Monday July 31, 2023 @03:11AM
(#36939611)
We need only disaggregate this total metric and recognize a long declining trend in tax receipts on corporate income as a percentage of GDP[1] to see how such an argument falls flat on its face.
Speaking of handwaving, showing that corporate receipt are down a percentage doesn't negate the argument whatsoever because: 1) corporations aren't people, 2) corporate taxes make up a small part (6%) of total tax burden.
Take a look at personal income taxes which are 42% of government revenues.
Speaking of handwaving, showing that corporate receipt are down a percentage doesn't negate the argument whatsoever because: 1) corporations aren't people, 2) corporate taxes make up a small part (6%) of total tax burden.
Take a look at personal income taxes which are 42% of government revenues.
https://taxfoundation.org/top-1-percent-pays-more-taxes-bott...
The percentage of all income taxes paid by the top 1% has increase from ~20% in 1990 to 35% in 2011.
The tax burden has gotten more progressive over time, not less.