Don't confuse the published corporate tax rate with the amount of
corporate income that ends up actually paid to the IRS - there are
thousands of "loopholes" that result in half the US corporations paying
no tax at all and the rest paying very little.
Mike
Steve at Verizon wrote:
Not so. It is the highest in the industrialized world. See Wiki:
http://en.wikipedia.org/wiki/Tax_rates_around_the_world
and click on the Corporate column to sort
Forgot to add; the US Corporate tax rate is 35%, higher than all but a
few 3rd world countries in that list,
b_s-wilk wrote:
The United States has the lowest corporate tax rates in the
industrialized world. That's effectively subsidizing just about all
corporations.
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