Wednesday, October 11, 2006
The OECD reports that corporations are paying more in taxes now than in the 1960's. Corporate share of tax bill driven up in line with profits
However what is not reported in this news story is the relationship between corporate and personal income taxes paid to the OECD member states.
That is in Canada in the 1960's corporations paid a bigger portion of the taxes collected by the Canadian State than the portion from personal income taxes.
At the end of this story the truth is revealed while corporations pay 10 percent now personal income taxes are still 25 percent of the states income. That is down from 30% thanks to tax cuts to the rich.
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