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To: relictele

I heard Neal Boortz say that Japan dropped their corporate tax rate 5%? 10%?

The USA now has the highest corporate tax rate at 39%. Want them to hire? You might try doing away with it or at least drop it to 10 percent permanently.


10 posted on 12/15/2010 7:10:25 PM PST by listenhillary (A very simple fix to our dilemma - We need to reward the makers instead of the takers)
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To: listenhillary

http://www.taxrates.cc/html/japan-tax-rates.html

Japan tax rates:
Personal income: 40%
Corporate: 40-87%
VAT: 5%

Japan is still higher than US.

Imagine the economic activity unleashed if US corporate rate was dropped to 10%!


97 posted on 12/16/2010 5:45:44 AM PST by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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