By Jim Small | Arizona Mirror
If you’ve ever wanted proof that Arizona’s tax laws are skewed in the favor of businesses and not individuals, here it is: The average income tax credit claimed by corporations is 93,286% larger than the average income tax credit claimed by individuals.
In tax year 2016, the last year for which data is available, there were 549 corporations that took advantage of 17 different income tax credits, totaling more than $127 million. (Another nine tax credits on the books received no claims.)
By comparison, there were almost 1.8 million Arizonans who claimed 31 different types of credits that same year, totaling about $447 million. (There are eight tax credits that had no claims.)
That makes the average claim for businesses $232,284, while we individuals averaged claims of a mere $249.
