From IRS irs.gov
- Individual’s income tax: 987,209 million (81%)
- Corporation’s income tax: 194,146 million (19%)
Something doesn’t seem quite right with these figures, that people provide 81% of the budget while corporations foot only 19%. That would be fine in a world where profit margins were slim, but that often isn’t the case. Obviously it’s more complicated than that, really complicated and well beyond me, but reguardless that figure surprised me.