Much of the debate around raising taxes to pay for President Joe Biden’s proposed infrastructure, social and environmental programs has focused on how much corporations and wealthy individuals actually pay.
For instance, a Construction Dive analysis revealed that publicly traded construction companies employ numerous tax strategies to pay far less than the statutory 21% corporate tax rate passed by Congress.
But while those large, public contractors get the lion’s share of attention in the industry, they are in the minority from the standpoint of how they are taxed.
