The History of US Corporate Taxes In Four Colorful Charts

Are American corporations overtaxed? Let’s find out! First off, here are corporate profits and tax rates since the Reagan era:

Profits have been going up, up, up. Tax rates have been going down, down, down. You can probably guess what this means for owners of capital: they’ve been doing really, really well. Indeed, net dividend payouts to shareholders are up more than 400 percent:

And American tax rates are really low compared to other countries:

Since 1980, obviously, corporations have been doing great. So has this trickled down to the common man? Let’s check out how the middle class is doing:

So there you have it. Over the past four decades, corporate profits have doubled; tax rates have been cut in half; dividend payouts have gone up 400 percent; and the household income of the middle class has…

Gone up a whopping 20 percent.

But don’t worry. This time trickle-down economics will work. Believe me.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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