$26.00 donated in past month
Add comment on:The Great Tax-Cut Experiment and Corporate Taxes as % of Profits
Gerald Friedman and Salvador Babones
Comparisons with Other Countries: Americans pay a smaller proportion of total income in taxes than do people in any other advanced capitalist economy. As recently as the late 1960s, taxes accounted for as high a share of national income in the United States as in Western European countries. After decades of tax cuts, however, the United States now stands out for its low taxes and small government sector. (See Figure 2.)
Guidelines for commenting on news articles:
Thanks for contributing to Indybay's open publishing newswire. You may use any format for your response article, from traditional academic discourse to subjective personal account. Please keep it on topic and concise. And please read our editorial policy, privacy, and legal statements before continuing. Or go back to the article.