Corporate profits are way up, corporate taxes are way down: After-tax corporate profits versus corporate tax revenue, as a share of GDP, 1952–2015
Fiscal year | Corporate income tax revenue | After-tax corporate profits |
---|---|---|
1952 | 5.9% | 5.5% |
1953 | 5.6% | 5.1% |
1954 | 5.4% | 5.6% |
1955 | 4.4% | 6.6% |
1956 | 4.8% | 6.2% |
1957 | 4.6% | 5.8% |
1958 | 4.2% | 5.2% |
1959 | 3.4% | 6.1% |
1960 | 4.0% | 5.9% |
1961 | 3.8% | 5.9% |
1962 | 3.5% | 6.6% |
1963 | 3.5% | 6.9% |
1964 | 3.5% | 7.2% |
1965 | 3.6% | 7.8% |
1966 | 3.8% | 7.6% |
1967 | 4.1% | 7.1% |
1968 | 3.2% | 6.6% |
1969 | 3.7% | 5.7% |
1970 | 3.1% | 4.8% |
1971 | 2.4% | 5.4% |
1972 | 2.6% | 5.8% |
1973 | 2.7% | 5.8% |
1974 | 2.6% | 4.7% |
1975 | 2.5% | 5.2% |
1976 | 2.3% | 5.8% |
1977 | 2.7% | 6.3% |
1978 | 2.6% | 6.5% |
1979 | 2.6% | 6.0% |
1980 | 2.3% | 4.8% |
1981 | 1.9% | 5.1% |
1982 | 1.5% | 4.9% |
1983 | 1.0% | 5.5% |
1984 | 1.4% | 5.9% |
1985 | 1.4% | 5.9% |
1986 | 1.4% | 4.7% |
1987 | 1.8% | 4.8% |
1988 | 1.8% | 5.2% |
1989 | 1.9% | 4.7% |
1990 | 1.6% | 4.5% |
1991 | 1.6% | 5.1% |
1992 | 1.6% | 5.0% |
1993 | 1.7% | 5.1% |
1994 | 2.0% | 5.9% |
1995 | 2.1% | 6.3% |
1996 | 2.2% | 6.8% |
1997 | 2.1% | 7.2% |
1998 | 2.1% | 6.1% |
1999 | 1.9% | 5.9% |
2000 | 2.0% | 5.0% |
2001 | 1.4% | 5.2% |
2002 | 1.4% | 6.5% |
2003 | 1.2% | 7.1% |
2004 | 1.6% | 8.0% |
2005 | 2.2% | 8.1% |
2006 | 2.6% | 8.5% |
2007 | 2.6% | 7.5% |
2008 | 2.1% | 6.6% |
2009 | 1.0% | 7.8% |
2010 | 1.3% | 9.2% |
2011 | 1.2% | 9.3% |
2012 | 1.5% | 9.6% |
2013 | 1.6% | 9.4% |
2014 | 1.9% | 9.3% |
2015 | 1.9% | 8.5% |
Source: ATF and EPI analysis of BEA (2016) and OMB (2016a)