LOWEST effective tax burden on Corps in 40+ years, ALL TIME record Corp profits, lowest share of labor costs EVER, and Corps are being mugged?
PLEASE
Whenever I read this stuff about 'high taxes' and how our poor corporations are being treated unfairly, I know I'm reading a post by somebody who doesn't fill out their own tax returns, has no idea what taxes were in the past, or is just repeating junk propaganda they read somewhere, like from Free Republic or Town Hall.
My fave is the meme about the '90% tax rate' of the 1950's and early 1960's, as if that were really what was being paid. In fact, that was the top rate on capital gains, and
only on 50% of capital gains, and of course an amazing array of deductions on even that taxable 50%, i.e. if you had $100 in gains you were taxed at 90% on $50 max, and only if you had absolutely no deductions of any kind, which never happened in an era when if you wanted to install solid gold faucets in the CEO's private bathroom, or just have the company buy his house for him, it was 100% deductible, for example, but it makes for great nonsense propaganda to scare the clueless with.