Due to tax reform efforts in the U.S., federal and state corporate income taxes amount to an ever- increasing percentage of our GDP.

Question

Quizplus · Accepted Answer

While tax reform efforts can change the structure and rates of corporate income taxes, the percentage of GDP that these taxes represent has fluctuated over time and does not consistently increase. Factors such as economic conditions, legislative changes, and corporate tax planning strategies can lead to variations in the proportion of GDP attributed to corporate income taxes.

Due to Tax Reform Efforts in the U