7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
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 ó 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 taxís 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, itís 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

Sign up for BLET News Flash Alerts

© 1997-2017 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

AAR: Rail traffic up 2.6 percent over 2016 for week ending February 11
Opinion: Itís getting a bit windy around Jacksonville
Mantle Ridge says itís willing to adjust CSX demands
Analysts applaud CSX for calling special shareholders meeting
Teamsters applaud defeat of right-to-work legislation in New Hampshire
Anti-union forces set sites on Iowa public sector workers
Amtrak switch issues causes cancellations, delays in Boston
More rain whipsaws BNSF with outages in NorCal, PNW
Amtrak seeks direct federal aid in lawmakersí infrastructure plan
Canadaís rail safety watchdog calls on government to toughen rules for oil trains
New Amtrak Charger locomotives testing on Cascades route
North Platte UP workers pay special tribute to late BLET member
Get the latest labor news from the Teamsters

More Headlines