It’s time to raise, not lower, corporate income taxes: Corporate income tax as a percentage of GDP
| Fiscal Year | Corporate Income Tax |
|---|---|
| 1947 | 3.6% |
| 1948 | 3.7% |
| 1949 | 4.0% |
| 1950 | 3.7% |
| 1951 | 4.3% |
| 1952 | 5.9% |
| 1953 | 5.6% |
| 1954 | 5.4% |
| 1955 | 4.4% |
| 1956 | 4.8% |
| 1957 | 4.6% |
| 1958 | 4.2% |
| 1959 | 3.4% |
| 1960 | 4.0% |
| 1961 | 3.8% |
| 1962 | 3.5% |
| 1963 | 3.5% |
| 1964 | 3.5% |
| 1965 | 3.6% |
| 1966 | 3.8% |
| 1967 | 4.1% |
| 1968 | 3.2% |
| 1969 | 3.7% |
| 1970 | 3.1% |
| 1971 | 2.4% |
| 1972 | 2.6% |
| 1973 | 2.7% |
| 1974 | 2.6% |
| 1975 | 2.5% |
| 1976 | 2.3% |
| 1977 | 2.7% |
| 1978 | 2.6% |
| 1979 | 2.6% |
| 1980 | 2.3% |
| 1981 | 1.9% |
| 1982 | 1.5% |
| 1983 | 1.0% |
| 1984 | 1.4% |
| 1985 | 1.4% |
| 1986 | 1.4% |
| 1987 | 1.8% |
| 1988 | 1.8% |
| 1989 | 1.9% |
| 1990 | 1.6% |
| 1991 | 1.6% |
| 1992 | 1.6% |
| 1993 | 1.7% |
| 1994 | 2.0% |
| 1995 | 2.1% |
| 1996 | 2.2% |
| 1997 | 2.1% |
| 1998 | 2.1% |
| 1999 | 1.9% |
| 2000 | 2.0% |
| 2001 | 1.4% |
| 2002 | 1.4% |
| 2003 | 1.2% |
| 2004 | 1.6% |
| 2005 | 2.2% |
| 2006 | 2.6% |
| 2007 | 2.6% |
| 2008 | 2.1% |
| 2009 | 1.0% |
| 2010 | 1.3% |
| 2011 | 1.2% |
| 2012 | 1.5% |
| 2013 | 1.7% |
| 2014 | 1.9% |
| 2015 | 1.9% |
Source: EPI analysis of Office of Management and Budget data.