"If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu
Corporate tax rates table | KPMG | GLOBAL
And this is quite interesting too:
List of countries by tax rates - Wikipedia, the free encyclopedia
At 35% yes, they are the highest in the world, and the government and the corporations want it that way.
Corps scream lower our tax rate, and the crowds cheer. They don't want a lower tax rate, are you kidding me? It's that high tax rate which ensures the big boys on the block stay the big boys on the block by being the only ones who can afford to pay a team of accountants and lawyers to see that they don't pay 35%. This is obviously cheaper than the cost of doing business in an economy where regulations are loosened and competition can grow. A high tax rate at base, and regulations are what keeps the big boys in business and able to work with relative impunity. Smaller businesses can't meet the criteria which allows them to jump through those specially crafted loopholes which the big boys can.
All the while as they're raking in trillions they get to put themselves on that cross and pretend they're martyrs to an over spending, over taxing, over regulating government. Never mind that it is there god damn dollars who seat those Congressmen and Senators.. Never mind that it is their money they throw at lobbyists to see that whatever legislation is on the table has their fingerprints all over it and benefits them the greatest. Never mind that it's that 35% tax rate which give reasonable justification to low information voters to move their manufacturing overseas at such a profit that the tax rate could be 70% and they'd still be in the black quite nicely under any normal circumstance.
47% of Federal Revenue comes from Income tax while 10% comes from Corporate taxation and I'm suppose to give a rat's ass about a 35% tax rate?
Policy Basics: Where Do Federal Tax Revenues Come From? — Center on Budget and Policy Priorities
C'mon man, that's the tired BS that made leave the GOP back in 08...
To her Wall Street owners: Hillary Clinton: “But if everybody's watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least. so, you need both a public and a private position.” - Hillary Clinton: "I'm kind of far removed from the struggles of the Middle Class"
So everyone who thinks deductions should be eliminated and the corporations need to pay the statutory rate needs to talk to his/her Congressional rep and get the laws changed.
Second, all I did was quote the what was published in the site that I posted. Take up your argument with the author of the OP and tell him how stupid he is for not knowing the difference between statutory and effective.
Third I would add that that corporations are leaving this country not because of low taxes, but because of high taxes. And your ass Obama is going around claiming anyone that leaves the US to get a lower tax rate is unpatriotic. What is unpatriotic is Obama's refusal to reform the corporate tax laws so companies have no desire to leave.
But of course liberals can't figure that out, all liberals want to preach is, geeeee there is a difference between statutory and effective. And then cry when a company leaves to acquire a lower tax base.
Last edited by Born Free; 08-14-14 at 08:49 AM.
Liberals - Punish the Successful, Reward the Unsuccessful
Liberals - Tax, Borrow, Spend, and Give Free Stuff
Obama's legacy - National Debt / Credit Downgrade / Obamacare Failure / Economic Failure / Foreign Policy Failure / Liar of the Year Award / The Rise of ISIS