No results found

We're sorry, but there are no results that match your search criteria. Try checking your spelling or using alternate search terms.

We add new data to USAFacts all the time; you can subscribe to our newsletter to get unbiased, data-driven insights sent to your inbox weekly, no searching required.

Subscribe to get unbiased, data-driven insights sent to your inbox weekly.

Topics

Subscribe to get unbiased, data-driven insights sent to your inbox weekly.

Home / Articles / A look at corporate tax changes: What does history show?

Tax legislation passed by the Senate and the House would change corporate taxes, impacting businesses, individuals, and the economy. What could change under the legislation? Compare past tax changes to economic performance throughout history and decide for yourself.

Changing the corporate tax rate affects the amount corporations must pay in taxes and what they get to keep as profit. Generally, they can do a few things with their profits. One option is to invest…

Domestic corporate profits + private fixed investment

Another option is to pay their employees higher wages or hire more people. Profit could also be passed through to investors in the form of capital gains earnings.

adjusted gross income + capitol gains

GDP, employment, stocks, and the deficit could be affected if corporations spend their profits, investors spend their returns, and employees spend their increased earnings.

Jobs per working age person + S&P 500 index + GDP annual surplus deficit

Sources

Adjusted Gross Income (AGI), Top Marginal Tax Rates, Top Bracket for Married Returns, Corporate Income Tax

Internal Revenue Service

Jobs per Working-Age Person

Bureau of Labor Statistics

US Census Bureau

GDP, Deficit

Office of Management and Budget

Private fixed investment

Bureau of Economic Analysis (BEA)

Capital Gains

Department of Treasury