The Great Tax-Cut Experiment and Corporate Taxes as % of Profits
Comparisons with Other Countries: Americans pay a smaller
proportion of total income in taxes than do people in any other
advanced capitalist economy. As recently as the late 1960s,
taxes accounted for as high a share of national income in the
United States as in Western European countries. After decades of
tax cuts, however, the United States now stands out... © Older
posts The Great Tax-Cut Experiment Posted on February 21, 2013
by Marc to read Gerald Friedmanfs gThe Great Tax-Cut Experimenth
from Dollars and Sense, January/February 2013, click on
Comparisons with Other Countries: Americans pay a smaller
proportion of total income in taxes than do people in any other
advanced capitalist economy. As recently as the late 1960s,
taxes accounted for as high a share of national income in the
United States as in Western European countries. After decades of
tax cuts, however, the United States now stands out for its low
taxes and small government sec