3 ms·
I'm curious what you mean by that, because I've never heard anyone seriously argue against that assertion. Our top marginal corporate tax rate is one of the hig
by ericd 9y ago
I'm curious what you mean by that, because I've never heard anyone seriously argue against that assertion. Our top marginal corporate tax rate is one of the highest, according to Wikipedia [1], though companies are generally pretty good at not being too profitable and therefore not paying a very high tax rate, if that's what you mean.
[1] https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States https://en.wikipedia.org/wiki/Corporate_tax_in_the_United_St...
Excerpt: In 2014 the United States had the third highest general top marginal corporate income tax rate in the world at 39.1 percent (consisting of the 35% federal rate plus a combined state rate), exceeded only by Chad and the United Arab Emirates However, the average corporate tax rate in 2011 dipped to 12.1%, its lowest level since before World War I, largely due to the great recession and a bonus depreciation tax break.
- Applejinx 9y agoYou do understand the difference between marginal and baseline tax rates? That word 'marginal' did not slip by me, I'm afraid.
- ericd 9y agoYes, I do, and no, it wasn't meant to "slip by you", which is why I asked if you meant that companies were good at not being profitable, and thus never made it to the top rate.