Per wiki, 35% + up to 12% of State/Local income tax; less any foreign tax already paid (as tax credit); less any other deductions and credits. Per http://www.po

Per wiki, 35% + up to 12% of State/Local income tax; less any foreign tax already paid (as tax credit); less any other deductions and credits. Per 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/..., the reality is more nuanced. The World Bank and International Finance Commission puts the United States’ effective rate for 2014 at 27.9 percent. It should be noted that value-added-taxes (VAT) seem to go from about 10 to 20 percent. The US doesn't do VAT; it's largely state and local sales taxes where applicable, generally less than 10 percent.