“…Studying inequality in America reveals some facts that are truly hard to believe.
Amidst all the absurdity a few stand out.
1. U.S. companies in total pay a smaller percentage of taxes than the lowest-income 20% of Americans.
Total corporate profits for 2011 were $1.97 trillion.
Corporations paid $181 billion in federal taxes (9%) and $40 billion in state taxes (2%) -
- for a total tax burden of 11%.
The poorest 20% of American citizens pay 17.4% in federal, state, and local taxes…”
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