Atheism Wars
April, 2013
Your chart "Who's Buying?" (December), which compares individual and corporate income tax rates since 1950, is misleading. After noting the share of revenue from corporate taxes has dropped from 26 percent to less than 10 percent today, you ask rhetorically, "Wonder why?" Here's why: Subchapter S corporations, introduced in 1958, allow business owners to move from a combined individual-corporate tax bracket of what was effectively 96 percent to a somewhat manageable single...
