Corporate Income Taxes: Trends and Forecasts. Presentation to the President’s Advisory Panel on Federal Tax Reform March 8, 2005 Douglas A. Shackelford University of North Carolina and NBER. Overview. Look back Corporate income taxes are in a long decline Why have they declined?
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Presentation to the President’s Advisory Panel on Federal Tax Reform
March 8, 2005
Douglas A. Shackelford
University of North Carolina and NBER
Source: Office Management and Budget, Fiscal Year 2005 Budget, as reported by the Tax Policy Center.
Source: Gravelle, J. “The Corporate Tax: Where Has it Been and Where is it Going?” National Tax Journal 57 No. 4 (December, 2004): 903:922.
2004-2010, projected. Source: IRS Statistics of Income.
Source: Drew Lyon, PriceWaterhouseCoopers, Presentation at the 6th Annual Tax Council Policy Institute Symposium, February 11, 2005. Underlying data from IRS statistics of Income.