<P>From somthing called Take The Rich Off Welfare, "In the 1950's,
when the corporate tax rate was 52% and corporations paid amost a third
of all income taxes...In the 1990's, when the corporate tax rate ranges
between 15% and 39% and corporations pay less than 10% of all income taxes...
<P>Anyone familiar with the author; this maybe from United for a Fair Economy?
<P>Doug Henwood wrote:
<BLOCKQUOTE TYPE=CITE>Max Sawicky wrote:
<P>>There is very little change in burdens in the U.S. over the
<BR>>past twenty-five years. The share and burden of the rich
<BR>>has bounced around more than other groups, but not outside
<BR>>a very narrow range.
<BR>>See "State of Working America" for details.
<P>Which I just did. You're right, Max, that the federal tax burden has
<BR>changed very little for the bottom 80% of the distribution. According
<BR>table 2.10 in the forthcoming State of Working America, the poorest
<BR>of taxpayers (averge 1998 income: $8,652) saw a tax rise of $104 between
<BR>1977 and 1985 (based on 1998 incomes) and several tax cuts totaling
<BR>between 1985 and 1998, a net decline of $381. Which isn't all that
<BR>dollar terms, but translates into maybe the better part of a month's
<BR>for people who don't have too many pennies to spare, and also represents
<BR>48% cut in total federal tax liabilities. From the second to fourth
<BR>quintiles, the changes in percentage terms are tiny indeed, and even
<BR>absolute dollar terms. But, oh, the high end. Between 1977 and 1985,
<BR>richest 1% (1998 average pretax income: $644,043) enjoyed a $97,250
<BR>(i.e., almost three times the average household's pretax income!) -
<BR>offset by a $60,540 increase between 1985 and 1998, for a net cut of
<BR>$36,710, or 14% of tax liabilities. That's not pocket change.
<P>>There is also
<BR>>a new report from the Congressional Budget Office, free
<BR>>on the web. Author is Frank Sammartino.
<P>It's at <<A HREF="ftp://ftp.cbo.gov/doc527/taxliab9599.pdf">ftp://ftp.cbo.gov/doc527/taxliab9599.pdf</A>>
(Acrobat version) or