Welcome to Seniorinfo4u!

We are an online community connecting you with the latest news and information on Social Security, Medicare, long term care, financial issues, and legal issues for seniors and their families!

Search For Information

Search For Senior Services

Are U.S. Corporations being Taxed to Death? – 2000-2011

Some people want you to think that the reason we don’t have full employment in the United States, is because American Corporations are taxed too much. Some people want you to think that American corporations just don;’t have the cash to be able to contribute more to the nation that provides them with the infrastructure so they can make profits.

But is that true? Let’s look at the figures for corporate profits and taxes paid by U.S. corporations for the time period 2000 through 2011.

YearCorporate Profits
(in billions)
Corporate Taxes Paid (in billions) Taxes Paid By
U.S. Corporations
as Percent of Profits

Sources: U.S. Department of Commerce and U.S. Office of Management and Budget

The answer is a resounding NO. In fact, since 2000, U.S. corporations have been paying a smaller and smaller percentage in taxes.

Surely U.S. corporations could afford to return to the 10% profit tax rate of 2000 to ensure that you or your grandma an have access to affordable health care. To ensure that our bridges, highways, bridges, schools — are functioning well.

About Georgeana Mimms

Georgeana Mimms was a researcher at the Social Policy Lab of the Andrus Gerontology Center at the University of Southern California, Deputy Director of the Asociation Pro Personas Mayores and a Special Consultant to the Los Angeles County Area Agency on Aging.