In 2020, corporate income tax revenues were 1.0% of GDP. This represents a decline from an average of 4.6% of GDP in the 1950s and an average of 1.8% of GDP from the mid-1980s to the passage of the 2017 Tax Cuts and Jobs Act.
Analysis: Budget bill would mostly raise taxes on top 1 percent
Build Back Better 2.0 Still Raises Taxes For High Income Households And Reduces Them For Others
A Citizen's Guide to Tax Policy
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