{"id":24234,"date":"2014-02-28T09:14:28","date_gmt":"2014-02-28T09:14:28","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=24234"},"modified":"2014-02-28T09:14:28","modified_gmt":"2014-02-28T09:14:28","slug":"the-us-corporate-tax-problem-in-one-graph","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/28\/the-us-corporate-tax-problem-in-one-graph\/","title":{"rendered":"The US corporate tax problem in one graph"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.testosteronepit.com\/home\/2014\/2\/27\/us-corporate-income-tax-policy-in-one-dizzying-chart.html\" target=\"_blank\">Testosterone Pit<\/a> (not a name I would have chosen) has an article out this week that shows in just one graph what the US problem with corporate tax receipts is:<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-24235\" alt=\"Screen shot 2014-02-28 at 08.57.36\" src=\"http:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36.png\" width=\"638\" height=\"276\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36.png 886w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36-300x130.png 300w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36-692x300.png 692w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2014\/02\/Screen-shot-2014-02-28-at-08.57.36-200x86.png 200w\" sizes=\"auto, (max-width: 638px) 100vw, 638px\" \/><\/a><\/p>\n<p style=\"text-align: center;\">\n<p style=\"text-align: left;\">The source is Ralph Dillon at<a href=\"http:\/\/www.globalfinancialdata.com\/\" target=\"_blank\"> Global Link Data<\/a>.<\/p>\n<p style=\"text-align: left;\">That's also a clear indication of where a major source of the inequality problem comes from. The graph starts in 1947 and runs to 2012 (it is a bit hard to read that) and the blue line is US corporate profits and the red line federal corporate taxes. Tax havens, lobbying and tax avoidance fuelled the gap: <a title=\"No, communists have not taken over the IMF: the evidence is clear that redistribution of wealth promotes growth\" href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/27\/no-communists-have-not-taken-over-the-imf-the-evidence-is-clear-that-redistribution-of-wealth-promotes-growth\/\" target=\"_blank\">we pay the price in economic stagnation<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Testosterone Pit (not a name I would have chosen) has an article out this week that shows in just one graph what the US<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/28\/the-us-corporate-tax-problem-in-one-graph\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64,147,75],"tags":[],"class_list":["post-24234","post","type-post","status-publish","format-standard","hentry","category-corporation-tax","category-inequality","category-usa"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=24234"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24234\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=24234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=24234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=24234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}