Corporate Tax Rates, % of U.S. Taxes Paid By Corps Both Falling

In the early 1950s, the profits of non-financial corporations were effectively taxed at rates above 50%. This rate has been declining since, and now is between 20 and 30%.

In response to ’s post about “lucky duckies,” which included a graph showing the growing number of Americans who don’t pay federal income tax, reader “gj” asked: Where is the complementary chart for corporations?

Then he tried to answer his own question, and shares the results of his research with us:

Source of funds for Federal Spending
DecadePersonal Income TaxCorporate Income TaxPayroll TaxExcise/EstateBorrowing