The tax code in the US is a constantly changing source of frustration for many Americans. Since the first income tax was imposed in 1861, Americans have been paying the government a portion of their income. Tax laws are now so complex, many people seek help from professional accountants in preparing their tax returns, as no one wants to pay too much or make an error that could trigger an audit.
Businesses are also taxed on their income, but at a different rate than individuals. While individuals fall into higher tax brackets the more they earn and can owe the IRS up to 35 percent of their income, corporations often earn far more in profits, yet pay the government a smaller percentage of that income. Here is a graphic comparison of what you pay the government verses how little some of the largest corporations in America pay.
[Editor's note: Do'h. History fail. Declaration of Independence in 1776, Constitution draft started in 1786 and adopted in 1787. Will fix ASAP.]
Click to Enlarge