Between 1996 and 2000, 61% of American companies paid no corporate income taxes. In 1940, corporations paid 50% of the total tax burden while last year they paid just 14.4%. Do we have too many loopholes? The tax burden on individual Americans is expected to climb from $1.16 trillion in 2007 to $1.21 trillion in [...]
Filed under: Economics | Leave a Comment »
