USuncutMN says: Tax the corporations! Tax the rich! Stop the cuts, fight for social justice for all. Standing in solidarity with http://www.usuncut.org/ and other Uncutters worldwide. FIGHT for a Foreclosure Moratorium! Foreclosure = homelessness. Resist the American Legislative Exchange Council, Grover Norquist and Citizen's United. #Austerity for the wheeler dealers, NOT the people.



We Are The 99% event

USuncutMN supports #occupyWallStreet, #occupyDC, the XL Pipeline resistance Yes, We, the People, are going to put democracy in all its forms up front and center. Open mic, diversity, nonviolent tactics .. Social media, economic democracy, repeal Citizen's United, single-payer healthcare, State Bank, Operation Feed the Homeless, anti-racism, homophobia, sexISM, war budgetting, lack of transparency, et al. Once we identify who we are and what we've lost, We can move forward.



Saturday, April 28, 2012

Shrinking Corporate Tax Rates - Graphic - NYTimes.com

Shrinking Corporate Tax Rates - Graphic - NYTimes.com


Shrinking Corporate Tax Rates

2006
2011
23%
$1.8
trillion
Reported corporate taxes
What American industries pay in taxes abroad
%
32.0
24.4
23.4
22.5
21.5
18.4
17.2
16.8
16.7
15.6
14.6
13.1
12.2
11.7
11.3
8.7
Apple
foreign
Apple
domestic
70%
61%
46%
32%
28%
30%
39%
54%
68%
72%
Apple’s allocation of profits
Sales
Long-term assets
Number of retail stores
Share of employees
vs.
Mining
Textiles
Food manufacturing
Retail trade
Construction
Printing and related
Utilities
Real estate
Wood products
Overall
Apparel
Chemical mfg.
Agriculture
Services
Finance
Computer and
electronic product
manufacturing
Some tax experts say that Apple moves more profits offshore than appears justified by its operations, which are largely in the United States. And overseas, technology companies pay particularly low taxes.
... and corporate tax rates have fallen.
Corporate profits are far bigger now than they were in 1977, the year Apple was incorporated ...
Adjusted for
inflation
The reported effective
corporate tax rate
%
50
40
30
20
10
Total United States
corporate profits
trillion
$2.0
1.5
1.0
0.5
’10
’05
’00
’95
’90
’85
’80
’77
’10
’05
’00
’95
’90
’85
’80
’77

No comments:

Post a Comment