> Huge loopholes mean that the effective US corporate is the fourth lowest rate in the OECD (though the official tax rate is the second highest in the OECD). M

> Huge loopholes mean that the effective US corporate is the fourth lowest rate in the OECD (though the official tax rate is the second highest in the OECD). Many corps actually do pay the official rate. Advocates of higher taxes and higher US govt spending point to western european countries and say "look at all the great services they get from govt". The problem with that argument is that the US govt currently collects about the same amount of money per capita as those countries. (It collects more than Canada.) In other words, the US govt already has the revenue to provide those services. Since it doesn't ..... http://www.themoneyillusion.com/?p=4626 http://www.themoneyillusion.com/?p=4626