The Tax Rate for Corporations is Half the Tax Rate of Teachers
Tuesday, July 2, 2013
The Government Accountability Office — an arm of Congress that audits and evaluates government activities — just released a new study of the tax rates that U.S. corporations pay.
It found that the average corporate tax rate for profitable corporations is 12.6%.
That’s about one-third of the corporate statutory rate, thanks to loopholes and to the deductions companies can claim. It’s about one-half of the tax rate paid by many working people.
Share this graphic with your friends and family members. Let’s let these corporations know that we want them to pay their fair share.