Corporate profits are at an all-time high. However, the tax revenue from this enormous economic boon are near the all-time lows caused by the recession in the early 1980′s. There are many causes, but the result is a clear divergence.
Posts Tagged ‘taxes’
Cigarettes made the US government $8.5 billion in 2009 notwithstanding the various state taxes also excised. Interestingly, although revenues have increased enormously, smoking rates have been declining steadily since 1980. Click through for details on alcohol, firearms, and gasoline.