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It's worth looking at the levels of taxation around the world: http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates http://en.wikipedia.org/wiki/List_of
by sien 12y ago
It's worth looking at the levels of taxation around the world:
http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
The US has a high theoretical company tax rate but a low practical one because of the myriad of deductions.
Reducing the corporate tax rate rather than abolishing it may make more sense and make less attractive to play tax games and waste effort on that rather than creating value.
- roganp 12y agoThese comparisons are hard to make sense of because of the different services provided by these governments. For example, health care is a government benefit in most European countries, paid for by their "higher" tax rates.
- adventured 12y agoThe US has the worst of both worlds currently. Relatively high taxes and a wildly inefficient government. We spend $7 trillion per year in government expenditures, at all levels, and can't even seem to maintain basic infrastructure (we could, but our government is really terrible).
- chasing 12y agoI'd like to hear more about what basic infrastructure is lacking in your part of the US.