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The year in Private Prisons

The year in Private Prisons

Private prisons were still on notice at the start of the year, but they quickly regained their footing. Here are some developments from this year in privatized incarceration.

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Private prisons get taxed at a lower rate than you do

Private prisons get taxed at a lower rate than you do

According to the most recent 10-K filings submitted by the giants of the private prison industry, GEO Group and CoreCivic (formerly known as Corrections Corporation of America), the leaders in for-profit incarceration enjoy an effective tax rate in the low single digits.

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