For Business, Golden Days; For Workers, the Dross-Floyd Norris - 0 views
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Frederick Smith on 27 Nov 11[Since 1929], there was never a period when as much as 9 percent of American gross domestic product went to companies in the form of after-tax profits. Now the figure is over 10 percent. [And] there never was a quarter when wage and salary income amounted to less than 45 percent of the economy. Now the figure is below 44 percent.... Effective tax rates, both corporate and personal, are well below where they were during most of the post-World War II era.