Chart: Share of Corporate Tax Burden by Corporate Asset Size
June 5, 2013
A lot of attention is given to the lop-sided individual income tax revenue shares by income (page 3). Overlooked though, is the corporate income taxes paid by corporation size. It happens to be quite skewed as well.
According to IRS data, 81.80 percent of taxes paid (after credits) are paid by the .32 percent largest corporations with assets larger than $250,000,000 (restricted to returns with net income). At the same time, the remaining 99.68 percent of corporations only accounted for 18.20 percent of corporate taxes paid.
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