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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (58887)	2/21/2006 11:47:52 AM
From: zonkie	Read Replies (1) \| Respond to of 362361

More on business taxes... _________________ In early April 2004, the General Accounting Office (GAO) reported that over 60 percent of all American corporations paid no federal taxes at all from 1996 through 2000. In addition, the GAO found that corporate tax payments as a percent of federal revenue have reached the lowest level since 1983 and now stand second only to rates paid in 1934. In 1960, corporations paid 24% of all federal taxes. In the 1970's, that share fell to 15%. As recently as 1996, it was 12%. When NOW reported on this issue in 2002, corporate taxes made up only about 8% of U.S. revenues, in 2004, that's down again to 7.4%. Those figures come from the Clinton era, before additional corporate tax cuts and tax benefits were put in place. pbs.org