TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Tuesday, April 16, 2013

GAO: Corporate Tax Expenditures Equal Corporate Tax Revenues

GAO LogoThe Government Accountability Office yesterday released Information on Estimated Revenue Losses and Related Federal Spending Programs (GAO-13-339):

Estimated tax revenue that the federal government forgoes resulting from corporate tax expenditures increased over the past few decades as did the total number of corporate tax expenditures. ... Estimated corporate revenue losses in 2011, which totaled $181.4 billion, were approximately the same size as the amount of corporate income tax revenue the federal government collected that year.

Chart 1

Chart 2

(Hat Tip: Bruce Bartlett.)

Gov't Reports, Tax | Permalink

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