TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

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.)

http://taxprof.typepad.com/taxprof_blog/2013/04/gao-corporate.html

Gov't Reports, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef017c38a7b7ac970b

Listed below are links to weblogs that reference GAO: Corporate Tax Expenditures Equal Corporate Tax Revenues:

Comments