Corporations Pay Far Less Than the Statutory Tax Rate

From the Economic Policy Institute (http://www.epi.org/):

As the GOP pushes to pass tax reform, policymakers will begin debating whether the corporate tax rate—which is set at 35 percent—is too high or too low. But in a new Economic Snapshot, EPI’s Hunter Blair explains that, because of various loopholes, corporations actually pay between 13 and 19 percent in taxes, far lower than the official 35 percent rate. Blair says that if policymakers want meaningful tax reform that helps working people, they should close corporate tax loopholes and make corporations pay their fair share. Read the Economic Snapshot at http://www.epi.org/publication/corporations-pay-between-13-and-19-percent-in-federal-taxes-far-less-than-the-35-percent-statutory-tax-rate/.