Trends in Corporate Economic Profits and Tax Payments, 1998 to 2017

Congressional Budget Office

No 58267, Reports from Congressional Budget Office

Abstract: Over recent decades, corporate economic profits—that is, profits from current production—have grown faster than the amounts that corporations pay in federal taxes. That pattern, which cannot be explained by changes in statutory tax rates, reflects a divergence between economic profits and the corporate tax base. Because such differences affect how CBO projects revenues from the corporate income tax, the agency has analyzed the relationship between the two measures.

JEL-codes: E01 H20 H25 H32 (search for similar items in EconPapers)
Date: 2023-05-09
New Economics Papers: this item is included in nep-acc, nep-mac, nep-pbe and nep-pub
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