Corporations now pay a very low share of federal taxes: Corporate taxes as a share of federal revenue, 1952–2015
| Fiscal Year | Corporate Income Taxes |
|---|---|
| 1952 | 32.1% |
| 1953 | 30.5% |
| 1954 | 30.3% |
| 1955 | 27.3% |
| 1956 | 28.0% |
| 1957 | 26.5% |
| 1958 | 25.2% |
| 1959 | 21.8% |
| 1960 | 23.2% |
| 1961 | 22.2% |
| 1962 | 20.6% |
| 1963 | 20.3% |
| 1964 | 20.9% |
| 1965 | 21.8% |
| 1966 | 23.0% |
| 1967 | 22.8% |
| 1968 | 18.7% |
| 1969 | 19.6% |
| 1970 | 17.0% |
| 1971 | 14.3% |
| 1972 | 15.5% |
| 1973 | 15.7% |
| 1974 | 14.7% |
| 1975 | 14.6% |
| 1976 | 13.9% |
| 1977 | 15.4% |
| 1978 | 15.0% |
| 1979 | 14.2% |
| 1980 | 12.5% |
| 1981 | 10.2% |
| 1982 | 8.0% |
| 1983 | 6.2% |
| 1984 | 8.5% |
| 1985 | 8.4% |
| 1986 | 8.2% |
| 1987 | 9.8% |
| 1988 | 10.4% |
| 1989 | 10.4% |
| 1990 | 9.1% |
| 1991 | 9.3% |
| 1992 | 9.2% |
| 1993 | 10.2% |
| 1994 | 11.2% |
| 1995 | 11.6% |
| 1996 | 11.8% |
| 1997 | 11.5% |
| 1998 | 11.0% |
| 1999 | 10.1% |
| 2000 | 10.2% |
| 2001 | 7.6% |
| 2002 | 8.0% |
| 2003 | 7.4% |
| 2004 | 10.1% |
| 2005 | 12.9% |
| 2006 | 14.7% |
| 2007 | 14.4% |
| 2008 | 12.1% |
| 2009 | 6.6% |
| 2010 | 8.9% |
| 2011 | 7.9% |
| 2012 | 9.9% |
| 2013 | 9.9% |
| 2014 | 10.6% |
| 2015 | 10.8% |
Source: ATF and EPI analysis of OMB (2016b)