State and local governments depend on many different types of taxes, one of which is known as an excise tax. Like general sales taxes, excise taxes are paid on the purchase of an item. But unlike sales taxes, excise...
- Federal Corporate Income Tax Rates, Income Years 1909-2012
Federal Corporate Income Tax Rates, Income Years 1909-2012
Key Findings Using the Tax Foundation’s Taxes and Growth (TAG) Model, this paper simulates both the economic benefits and budgetary costs of a cut in the corporate income tax rate from the current 35 percent to the OECD average corporate...
Key Findings: Policymakers are currently focused on corporate tax reform to bring down the high statutory corporate income tax rate from 35 percent to 25 percent. A pure 25 percent corporate tax cut would increase the size of the economy by at...
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