utter bullshit
utter bullshit
Out of context: Reply #44
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- mrdobolina0
In 1952, corporations accounted for 32 percent of federal tax receipts (the post-war peak). In 2003, corporations accounted for 7.4 percent of federal tax receipts.
In 2004:
Corporations paid 10.6 percent of the tax bill -- $184.8 billion. Reminder: our federal budget deficit is about $413 billion. If corporations were kicking in at the old 1952 rate, we'd have no problem.