U.S. Corporations Haven’t Been Paying The Full Corporate Tax Rate For 45 Years

U.S. Corporations Haven’t Been Paying The Full Corporate Tax Rate For 45 Years: In 2011, U.S. corporations paid a 12.1 percent effective corporate income tax rate, a 40-year low. The statutory corporate tax rate is 35 percent, but companies drive their rates fare lower due to the proliferation of loopholes and deductions and the growing use of offshore tax havens. This isn’t a new problem, as Goldman Sachs’ [...]/p