August 11, 1985 05:00 PM | Permalink | 1984 was a banner year for corporate profits, They were up 26% over 1983, reaching an all-time high of $286. Their share of national income fell just short of 10%, the highest level since 1978. Despite this spectacular rebound in profitability, 1984 was yet another banner year […]
August 1, 1985 02:36 PM | Permalink | 1984 was a banner year for corporate profits. They were up 26% over 1983, reaching an all-time high of $286 billion. Their share of national income fell just short of 10%, the highest level since 1978. Despite this spectacular rebound in profitability, 1984 was yet another banner […]
January 11, 1985 05:02 PM | Permalink | It’s no secret. The federal corporate income tax is but a loophole-riddled shadow of its former self. Back in the 1950s and 1960s, it contributed a quarter of all federal revenues. By 1983, its share had dropped to 6.2%, with loopholes reducing corporate tax revenue by $1.67 […]
October 1, 1984 05:04 PM | Permalink | Why is it that the federal government is racking up record-breaking budget deficits while most Americans believe–and rightly so–that they are paying more in taxes than ever? There is, of course, more than one reason. But one answer can be found in the demiste of the corporate […]
March 1, 1984 02:38 PM | Permalink | TAX REFORM. “The more you get into it, the more complicated it becomes,” lamented Treasury Secretary Donald T. Regan in the spring of 1983. “But there has to be an easier way.” Indeed, it sometimes seems that almost anything would be preferable to our current Internal Revenue […]