21 ms·
"... the full US tax rate (which is the highest in the world)" not really. " the Congressional Research Service put the U.S. effective rate at 27.1 percent, s
by tosseraccount 11y ago
"... the full US tax rate (which is the highest in the world)"
not really.
" the Congressional Research Service put the U.S. effective rate at 27.1 percent, slightly lower than the OECD average of 27.7 percent."
( source : http://www.politifact.com/punditfact/statements/2014/sep/09/eric-bolling/does-us-have-highest-corporate-tax-rate-free-world/ http://www.politifact.com/punditfact/statements/2014/sep/09/... ).
Actual corporate taxes paid are below the average developed country
- jzwinck 11y agoI also think your parent overplayed that one, but you are conflating the basic tax schedule with the actual taxes paid. There is a big difference, which is the point of the article.
- replicatorblog 11y agoFrom the same link: "Out of the 34 countries in the OECD, America ranks first with a 39.1 percent corporate tax rate, compared to an OECD average of 24.1 percent. The OECD figure is what’s called the statutory rate, meaning the base rate applied to corporate profits."