The US Tax Burden Falls Disproportionately On Individuals and Small Business

[abelenkpe]

The US Tax Burden Falls Disproportionately On Individuals and Small Business

http://jessescrossroadscafe.blogspot.com/2011/07/us-is-not-high-tax-corporate-country.html

Although the nominal US corporate tax rate of 35% seems high, and especially so given all the corporate funded propaganda promoting more tax cuts and givebacks, in fact the realized corporate rates are relatively low both in terms of historical experience and other countries. This is because of the many loopholes, subsidies, and accounting gimmicks available to its more influential corporate citizens from the corporate friendly government.

One could make the case that the tax burden is falling disproportionately on smaller businesses and individuals that do not have the infrastructure and latitude to take advantage of the loopholes available to the bigger business lobby companies.

State and local taxes appear to be regressive. The top echelons of corporations and private individuals seem to be doing rather well for themselves. When the fortunate complain that the bottom percentiles pay little Federal tax, they overlook how regressive the consumption taxes on gasoline, food, and consumer non-discretionary items fall on those with little income. Even with property taxes, the wealthy often use the guise of 'farms' to avoid a sizable share of their local taxes by raising a few cows or a token crop.

No wonder that the corporate class economists promote increased consumption taxes, and the oligarchs spend millions to persuade the naive that their hell is a heaven.

(more at link including many delicious charts)

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Enjoy!

[PDJane]

1. Of course.

But if you say so, you'll be told that you are wrong.

[KT2000]

2. Small businesses

also suffer the brunt of regulatory enforcement. They are easier to deal with than large corporations.