1370 Ontario St. - Mezzanine, Cleveland, Ohio 44113 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Secretary-Treasurers
Information
Merchandise
Communications
FELA
Events
Links
User Info

Opinion: The incredible shrunken U.S. corporate tax

(Source: Slate opinion column by Jordan Weissmann, July 31, 2014)

NEW YORK As I argue in my column today, one of the basic problems with the corporate income tax is that it was conceived in a pre-globalization world, a time before tax havens and before U.S. companies started making a sizable chunk of their profits overseas. So I thought it would be useful to break out this graph, from the Tax Policy Center, showing how the corporate income taxs role in the U.S. tax base has changed over time. Back in 1950, the corporate income tax was able to provide more than a quarter of federal revenue. Today, its down closer to 10 percent. Payroll taxes have essentially taken its place.

Full story: www.slate.com

Friday, August 01, 2014

Like us on Facebook at
Facebook.com/BLETNational

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

National Negotiations

DAILY HEADLINES

Teamster Nation: Get the latest updates in the War on Workers
Union Pacific furloughs about 900 workers due to reduced freight demand
Two-person train crews necessary for safety, lawmakers say
President Pierce among those to testify at U.S. House hearing on fatal Amtrak derailment
Reward offered for information about suspect who shot at a BNSF train near Chinook
Shipments of crude oil to East Coast declined in March
Coal and fuel could temper CSX's growth
Canada's railways announce new mobile app to give Canadian first responders real-time dangerous goods information
FRA issues $6.8 million loan to the Arkansas & Missouri Railroad for locomotive purchase
BNSF, power plant owner settle long-running rate dispute
Opponents of CSX Virginia Ave. tunnel project lose again
Amtrak wants to return baggage to passengers of derailed train
Amtrak funding on the line in final days of Illinois budget battle
Applying for a Railroad Retirement annuity

More Headlines


Enter your e-mail address to receive BLET news updates.

Subscribe  Unsubscribe