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business pay fair share, do corporations pay their fair share in taxes? business tax collections , business fair share taxes
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U.S. Businesses Pay or Remit 93 Percent of All Taxes Collected in America

Setting aside the debate over whether a low tax bill is fair, what is missed in such stories is that American businesses are critical to the tax collection system at every level of government—federal, state, and local. Businesses either pay or remit more than 93 percent of all the taxes collected by governments in the U.S. Without businesses as their taxpayers and tax collectors, American governments would not have the resources to provide even the most basic services.

5 min read
GDP and employment by type, The education, healthcare, social assistance industries employ the most workers, educational services, arts, entertainment, recreation, food service, finance, insurance, real estate, transportation, wholesale trade, agriculture, forestry, fishing, hunting, mining, utilities, Service industries are the largest segment of the U.S. economy, finance, insurance, real estate, professional and business services, manufacturing, educational services, healthcare, wholesale, retail, arts, entertainment, food services, transportation, mining, utilities, agriculture, fishing, hunting
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2017 GDP and Employment by Industry

In the U.S. economy, there are tens of millions of businesses, including more than 30 million pass-through businesses and more than a million C corporations. Most output and employment come from firms that provide services to consumers—such as education, health care, and social assistance services—though a large share of output and employment still comes from firms in production industries, particularly manufacturing.

2 min read
Less than one percent of businesses employ almost half of the private sector workforce, business employment, employment and taxes
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Firm Variation by Employment and Taxes

Less than one percent of businesses employ almost half of the private sector workforce. Large companies pay 89% of corporate income taxes in the United States.

2 min read
OECD tax revenues 2021 sources of government revenue in the oecd, 2019, government tax revenue corporate tax revenue corporate tax revenues
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Sources of Government Revenue in the OECD, 2019 Update

OECD countries have on average become more reliant on consumption taxes and less reliant on individual income taxes. These policy changes matter, considering that consumption-based taxes raise revenue with less economic damage and distortionary effects than taxes on income.

10 min read
2019 state cigarette tax rankings 2019 cigarette taxes 2019 cigarette tax rates, tobacco tax
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How High Are Cigarette Taxes in Your State?

Cigarette taxes around the country are levied on top of the federal rate of $1.0066 per 20-pack of cigarettes. As of 2016, taxes accounted for almost half of the retail cost of a pack of cigarettes.

2 min read