By: Gordon T Long

This alarming chart suggests one or more of three possibilities:

  • There is no relationship between corporate taxes and GDP.
  • Corporate pretax profits have seen near exponential growth over the last 30 years without being reflected in US taxes receipts.
  • Pretax corporate profits have become more and more an offshore phenomenon.


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Continue reading Extend & Pretend: Is The US Facing A Cash Crunch?

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