August 11, 1985 05:00 PM | | Bookmark and Share

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 for corporate tax avoidance.

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