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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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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