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U.S. Boasts Highest Corporate Tax Rate in the OECD
Tax Foundation ^
| November 21, 2005
| Andrew Chamberlain
Posted on 11/21/2005 6:06:27 PM PST by george76
We've just released a new study on corporate taxation around the globe.
Bottom line: the U.S. is a global leader in yet another area—high corporate tax rates...
The United States has the highest overall corporate income tax rate (39.3 percent combined federal and sub-federal) among all countries in the Organization for Economic Cooperation and Development (OECD)
(see table below).
Japan (39.0 percent) and Germany (38.9 percent) have the second and third highest corporate income tax rates.
The nation with the lowest corporate income tax rate in the OECD is Ireland (12.5 percent).
(Excerpt) Read more at taxfoundation.org ...
TOPICS: Australia/New Zealand; Business/Economy; Canada; Constitution/Conservatism; Culture/Society; Foreign Affairs; Germany; Government; Israel; Japan; News/Current Events; Politics/Elections; US: District of Columbia; United Kingdom
KEYWORDS: excessivetaxes; g75; highesttaxes; hightaxes; taxes; veryhightaxes
1
posted on
11/21/2005 6:06:28 PM PST
by
george76
To: george76
2
posted on
11/21/2005 6:10:35 PM PST
by
Sonny M
("oderint dum metuant")
To: george76
Ooops, another leftist lie shot to pieces....
3
posted on
11/21/2005 6:12:01 PM PST
by
M1Tanker
(Proven Daily: Modern "progressive" liberalism is just NAZIism without the "twisted cross")
To: george76
corporations don't pay taxes...you do.
www.fairtax.org
4
posted on
11/21/2005 6:13:08 PM PST
by
socialismisinsidious
(Liberals are all about choice UNTIL you choose differently than them.)
To: george76
Naturally, some profit actually belongs to the public sector for attracting business through roads and, umm, mail service, and ummm...
Oh just give it all away for re-distribution! They deserve it for working so hard!
5
posted on
11/21/2005 6:16:12 PM PST
by
SteveMcKing
("I was born a Democrat. I expect I'll be a Democrat the day I leave this earth." -Zell Miller '04)
To: socialismisinsidious; pigdog
Pigdog, does fairtax deal with corperate income tax?
To: Paul C. Jesup
Yup, it eliminates them also.
7
posted on
11/21/2005 6:18:49 PM PST
by
RockinRight
(It’s likely for a Conservative to be a Republican, but not always the other way around)
To: RockinRight
That's great to hear. You learn something everyday.
To: george76
But but... They're socialists in Europe. This obviously can't be true.
To: george76
That probably explains Ireland's success.
10
posted on
11/21/2005 6:53:06 PM PST
by
bkepley
To: george76
Corps don't pay taxes, they pass taxe$ along. This is VERY hard for libs to get, or pretend they don't get.
11
posted on
11/21/2005 7:45:39 PM PST
by
Waco
Comment #12 Removed by Moderator
To: Paul C. Jesup
Under the fair tax corporate taxes would be eliminated, but since corporations have never paid taxes, only people do, elimination of the so called 'corporate taxes' can lead to increase wages and price reduction.....competition of the free market will help ensure that.
Let the people feel and see the full tax that they pay, make all taxes visible, get rid of all the stealth taxes that we pay now and maybe people will care enough to keep their thumbs on the Washington bureaucrats. Right now the average sheople have no clue what they pay in taxes...pathetic.
13
posted on
11/22/2005 5:52:33 AM PST
by
socialismisinsidious
(Liberals are all about choice UNTIL you choose differently than them.)
To: george76; Taxman; pigdog; Principled; EternalVigilance; rwrcpa1; phil_will1; kevkrom; n-tres-ted; ..
A Taxreform bump for you all.
If anyone would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.
Refer for additional information:
14
posted on
11/22/2005 11:04:54 AM PST
by
ancient_geezer
(Don't reform it, Replace it!!)
To: george76
Corporations are tax collectors.
15
posted on
11/22/2005 11:48:57 AM PST
by
Mind-numbed Robot
(Not all that needs to be done needs to be done by the government.)
To: ancient_geezer
16
posted on
11/22/2005 2:22:42 PM PST
by
groanup
(shred for Ian)
To: george76
But business taxes aren't an expense, and they have no influence on prices, wages, or rate of return.
Just ask a squirrel.
To: Mind-numbed Robot
"Business as usual has gotten us to the state where we need a revolution in reform and business as usual isn't going to accomplish that revolution,",,, John Bolton - speaking of the UN's budget and spending problems. Kinda like our tax problem, IMO.
To: Paul C. Jesup
Sorry to be so slow ... yes, it sure does eliminate all forms of income tax including business income and investment income tax also.
19
posted on
11/26/2005 1:42:04 PM PST
by
pigdog
To: pigdog
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