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> highest corporate tax rates in the world You might have missed the tax law that just passed, greatly lowering those rates. Regardless, the statutory rate is
by forapurpose 9y ago
> highest corporate tax rates in the world
You might have missed the tax law that just passed, greatly lowering those rates.
Regardless, the statutory rate isn't important; the question is, how much do corporations actually pay after deductions, etc. The rate was 35%, but U.S. corporations actually paid around 20%. Also, overall taxes paid by Americans is among the lowest in the OECD.
http://time.com/money/4862673/us-tax-burden-vs-oecd-countries/ http://time.com/money/4862673/us-tax-burden-vs-oecd-countrie...