Felix Salmon has a couple of charts showing how much income tax corporations pay. The amount has been declining pretty steadily over time.
What I found particularly interesting is that firms are not required to report exactly the dollar amount that they paid to the IRS. Understandably, firms appear reluctant to reveal this number.
A Finance Professor's blog. I am a Professor of Finance in the Poole College of Management at NC State University. My website: https://sites.google.com/ncsu.edu/warr Opinions are my own.
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