“See, we can agree on certain things,” Pennsylvania Governor Tom Wolf (D) quipped during his State of the State Address, when members of both parties applauded his proposal to phase out the Commonwealth’s Capital Stock...
- Federal Corporate Income Tax Rates, Income Years 1909-2012
Federal Corporate Income Tax Rates, Income Years 1909-2012
Executive Summary Representative Devin Nunes (R-CA) seeks to reform how the federal government taxes business income. Major elements of his plan are: Cutting the corporate income tax to 25 percent; Limiting the top tax rate on non-corporate...
Key Findings The United States has the second highest marginal effective tax rate on corporate investment in the developed world at 35.3 percent—behind only France. While the U.S.’s marginal effective tax rate has remained stagnant...
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