If U.S. corporations paid the same effective tax rate now that they paid in the 1950's, corporate tax payments to the U.S. Treasury would be_____- than they actually are.

Question

Quizplus · Accepted Answer

In the 1950s, the effective corporate tax rate was significantly higher than it is today. If U.S. corporations were to pay at those rates now, their tax payments to the U.S. Treasury would indeed be substantially higher, hence the correct answer is that they would be $380 billion higher.

If US Corporations Paid the Same Effective Tax Rate Now That