Tax Policy Center

Fiscal Facts

February 5, 2024
Federal corporate income taxes are paid by US resident C-corporations, and revenues comprised 2% of total GDP in FY 2022. In the last 90 years, revenues peaked at 7% of GDP in 1944 and 1945, during World War II.
Fact: 
Federal corporate income taxes are paid by US resident C-corporations, and revenues comprised 2% of total GDP in FY 2022. In the last 90 years, revenues peaked at 7% of GDP in 1944 and 1945, during World War II.