Corporate profits rose four times faster than state corporate income tax collections between 1990-2013.
So where’d the money go, d’ya think?
A blog companion to the book by Susan Campbell
Corporate profits rose four times faster than state corporate income tax collections between 1990-2013.
So where’d the money go, d’ya think?
Well…we know where it’s not going. While corporate person income rose 453%, median household income, (real persons), rose only about 6.5% over that same time period. (The 2013 median is actually down 7-8% from pre-crash highs in 1999 and 2007.)
It blows, is what.