Corporate Profits Have Rebounded To Pre-Recession Levels, But Corporate Tax Revenue Hasn’t

Corporate Profits Have Rebounded To Pre-Recession Levels, But Corporate Tax Revenue Hasn’t: pOver the last few decades, U.S. corporate tax revenue plunged to historic lows, falling from about 6 percent of GDP in the 1950s to barely more than 1 percent of GDP today. Obviously, part of the recent low level has to do with the Great Recession and its effect on businesses and their profits. But [...]/p