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Video: Joshua Holland "The 15 Biggest Lies About the Economy"
The effective tax rate is half the nominal corporate tax rate. Two-thirds of US corporations paid no tax. GE took a $3.2 billion corporate tax benefit. In World War II, corporations paid 50% more than individuals and families. By the time Reagan left office, individuals and families paid four times more.
The effective tax rate is half the nominal corporate tax rate. Two-thirds of US corporations paid no tax. GE took a $3.2 billion corporate tax benefit. In World War II, corporations paid 50% more than individuals and families. By the time Reagan left office, individuals and families paid four times more.
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