Corporate Tax Myth

I remember an analysis of the 35% corporate tax payments from early in the year (I am not sure if I commented on this analysis before or not) and thought it time to share as this critical time in consideration of the Republican budget. The analysis explains what corporations actually paid rather than the theoretical tax of 35%. The actual payment is less than the present 21% proposed payment. The data are convincing. I am not aware that the present budget provides any protections against the continuation of these special corporate deductions.

As I often also complain about the FCC reversal of net neutrality (to improve corporate innovation), I would encourage your close look at the data from this report noting the actual taxes paid by ATT, Verizon, etc.

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