LoneLaugher
Diamond Member
The US Corp tax rate is 39.2%...Now that is a raw number. Government itself offers tax incentives and breaks to companies as incentives to do certain things. However, the raw number is the focus. If the tax rate were lower, the incentives and breaks would disappear and that would attract new business, expand existing business and at the end of the day, that is good for job creation and the overall economy.No, we are talking about applying taxes to business as they are now applied but at a 9% rate rather than the second highest corporate tax rate in the world. (And that is only a fraction of a percentage below the highest corporate tax rate in the world.)
you really like that talking point, don't you? Wouldn't it be nice if you could add the facts regarding the rate that is actually paid by US corporations. But...then it wouldn't be as much fun.
How anyone could object to that is a mystery.
corp tax rate link..........U.S. to have Highest Corporate Tax Rate in the World
To be fair...here is a link from a liberal website....
The claim of 55% of all companies pay no tax comes with no data to support that claim. I will stipulate that effective rates are probably lower but I will require stipulation that those nations who rates are lower also offer breaks and incentives. The possibility of this being inaccurate is remote.
Not probably......certainly.
The Gap Between Statutory and Real Corporate Tax Rates
http://www.nytimes.com/2011/05/03/business/economy/03rates.html
and...especially for foxy........... High Corporate Tax Rate Is Misleading - SmartMoney.com