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

News and Issues
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

Sign up for BLET News Flash Alerts

© 1997-2015 Brotherhood of Locomotive Engineers and Trainmen


Decertification Helpline
(216) 694-0240

National Negotiations

Sign up for BLET
News Flash Alerts


Get the latest labor news: Read the Teamster Nation blog
CP Rail still waiting on response from NS
TSA, Amtrak taking security measures ahead of holiday weekend
Amtrak ramps up service for holiday travel
Report: New Jersey cant afford its share of Hudson rail tunnel
Train riders should pay extra to fund Gateway Tunnel, Moodys says
Opinion: Hudson River rail tunnel agreement offers hope for the future
What will the Northeast Corridor look like in the year 2040?
Chicago Teamsters bring unfair labor practices suit against Coca-Cola
Plan for major terminal would boost oil train traffic across Washington state
BNSF completes landslide prevention walls near Everett, Wash.
Metra unveils new winterizing tools to protect track switches
How railroad history shaped Internet history
First annual National Lionel Train Day is December 5
CSXs Santa Train completes its 73rd run
The importance of a current connection for Railroad Retirement benefits

More Headlines