The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become

Posted by Robyn, May 31, 2013

taxApple CEO Tim Cook waved a magic wand in front of America on Tuesday, vanishing our outrage over how shamelessly companies avoid paying taxes, leaving the rest of us to foot the bill. As a public service to you, here is a chart that should enrage you about corporate tax rates all over again!

What this shows is how dramatically corporate tax contributions have shrunk in the past several decades, and how our personal taxes have risen to fill the gap. Payroll taxes now make up 35 percent of all federal government tax receipts, up from 11 percent in 1950. Corporate income taxes, meanwhile, now make up less than 10 percent of federal revenue, down from about 26 percent in 1950.

To ‘splain those numbers a little more clearly: We who are on the payrolls of companies now bear way more of a tax burden than those companies bore decades ago. Those companies, meanwhile, bear less of a burden than we ever did.

via The 1 Chart That Reveals Just How Grossly Unfair The U.S. Tax System Has Become.

  1. TrishRiley Says:

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  2. Gaby Moukarzel Says:

    Gaby Moukarzel liked this on Facebook.

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