Corporations paying no/little in taxes 26 enjoy negative federal income tax rates. US corporate taxes at a 40 year low Time series of U.S. public debt overlaid with partisan affiliation of the White House. The upper graph shows the U.S. public debt in trillions of USD while the lower graph shows the U.S. public debt as a percentage of GDP. (Data are from the 2009 U.S. Budget.) Time series of U.S. federal debt overlaid with partisan affiliation of the White House and the Congress. Share of total income going to top 10 % Even a major recession doesnt stop mega- corporation lobbyists in fact, it is worse than ever