Tax revenue as a percent of GDP is one metric many use to gauge how much corporate income tax revenue the United States is raising. The advantage of this metric is that it controls for the size of the economy and gives...
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- "Tax Breaks for Shipping Jobs Overseas"
"Tax Breaks for Shipping Jobs Overseas"
During last night's presidential debate, President Obama once again referred to "tax breaks for shipping jobs overseas." Mitt Romney then remarked that he wasn't sure what the President was referring to, joking that he ought to get a new accountant. We're not positive what Obama was specifically referring to either, however, he was likely talking about the commonly misunderstood issue of tax deferral:
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The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.