Corporate Taxes

Still smarting from Tax Day?  Too bad you’re not Sea World! The entertainment destination hasn’t paid any state or federal income taxes since 2009, according to columnist Al Lewis of Dow Jones Newswires.  (Yes, Dow Jones.)  Here’s another tax tidbit:

Over the past three fiscal years, corporate income taxes fell to only 1.2% of the nation’s gross domestic product, according to the Treasury Department. In the 1960s, it was 4%.

Read the full article here. For more fun reading, check out Al’s contrarian business blog, Tell It To Al.

 

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