"20 Is the New 25" in Corporate Income Tax Reform

ATR ^ | 2011-09-26 | Ryan Ellis

[92nina]

There’s a new coalition that’s been formed to advocate for corporate income tax reform (lower the rates, broaden the base) called the RATE Coalition. Provided that this is done in (at worst) a tax revenue-neutral way, this is a good thing—a very good thing. But the question remains—what corporate tax rate is low enough to justify the tax reform endeavor?

The United States has the highest statutory income tax rate in the developed world. According to the OECD, the U.S. has a marginal corporate tax rate of 39.2% (including state corporate tax rates, which must be done to compare apples to apples across countries). This ranks us just barely ahead of Japan at 39.5%

	U.S. corporate rate		39.2%
	OECD average		25.5%
	OECD average ex-U.S.		25%
	European average		24%

It’s clear that the goal should be to beat or at least match the average of our competitors, which is about 25%. That’s why so many running for office and campaigning for president run on this level. But it’s not enough.

The OECD says that U.S. states impose an average corporate tax rate of 6.4%...

Read more: http://www.atr.org/new-corporate-income-tax-reform-a6476#ixzz1ZAFWA4UZ

[92nina]

Everyone agrees on the need to lower the corporate tax rate, but how low does it need to go in order for American companies to be competitive?

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at Digg and at Reddit and in Stumbleupon and Delicious

[BlueMondaySkipper]

Everyone agrees on the need to lower the corporate tax rate...

I hate to nitpick, but you are incorrect. The vast majority on the left have been taught by their handlers that corporations are undertaxed. If you suggest lowering corporate taxes to a crowd of libtards you will be attacked viciously.

[92nina]

Sadly, you are correct.

[17th Miss Regt]

If you suggest lowering corporate taxes to a crowd of libtards you will be attacked viciously.

For that matter, even if you don't suggest lowering corporate taxes to a crowd of libtards you will be attacked viciously.