Well what happened to all the Liberals who told me that America's Corporate tax is the lowest in the World?
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I KNOW they were beating this drum for the past 2 years. I knew it was false, or rather dishonest but they were adamant. Why am I not seeing the usual droll of whine? http://finance.yahoo.com/blogs/daily-ticker/america-1-corporate-taxes-143053782.html America is used to leading the world but not like this: As of April 1, the U.S. has the dubious distinction of being the developed economy with the highest corporate tax rates. TAX THE EVIL 1%!!!!!!!! TAX THEM! TAX THEM! TAX THEM INTO NON EXISTENCE!
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Answer:
The official rate is 39%, who's paying that? Yes, small businesses. Big corporations like Wallmart, Mcdonalds, Coca-Cola, JP Morgan, Goldman Sachs et cetera aren't even paying half of that.
EU at Yahoo! Answers Visit the source
Other answers
From your own link. Given the realities of the taxes multinationals pay (or don't pay), several questions arise from the political hysteria over America surpassing Japan as the world's highest tax regime: With U.S. corporate profits margins near record levels, and corporations sitting on approximately $1 trillion in cash -- much of its parked overseas to avoid U.S. taxes -- is it really credible to say taxes are holding back American industry? Given the high levels of profitability and cash on corporate balance sheets already, is there any reason to think lower rates would really result in more hiring and investment in America? In an era of rising income inequality and increasing populist rhetoric, is it really good politics to give corporations another break? Perhaps YOU should proof read what you post.
Nancy
From your own link. Given the realities of the taxes multinationals pay (or don't pay), several questions arise from the political hysteria over America surpassing Japan as the world's highest tax regime: With U.S. corporate profits margins near record levels, and corporations sitting on approximately $1 trillion in cash -- much of its parked overseas to avoid U.S. taxes -- is it really credible to say taxes are holding back American industry? Given the high levels of profitability and cash on corporate balance sheets already, is there any reason to think lower rates would really result in more hiring and investment in America? In an era of rising income inequality and increasing populist rhetoric, is it really good politics to give corporations another break? Perhaps YOU should proof read what you post.
Nancy
You woke up and those figments of your imagination disappeared to wherever dreams disappear to.
Chewy Ivan 2
You woke up and those figments of your imagination disappeared to wherever dreams disappear to.
Chewy Ivan 2
The official rate is 39%, who's paying that? Yes, small businesses. Big corporations like Wallmart, Mcdonalds, Coca-Cola, JP Morgan, Goldman Sachs et cetera aren't even paying half of that.
EU
You need to get back on your meds, just like the hack who wrote that article. A fluff piece that has no real evidence supporting his claim! Get yourself some better citations before making a fool of yourself with a question like this based on an op-ed article on Yahoo.
Floyd G
Well, Mr Obama wants to lower it to 28% now. The GOP, of course, will refuse to go along with it so they can blame him in October. And even if it's lowered to 28%, that means they will finagle away to pay 2%. They are as stupid as the GOP. They KNOW loopholes.
Sarrafzedehkhoee
Well, Mr Obama wants to lower it to 28% now. The GOP, of course, will refuse to go along with it so they can blame him in October. And even if it's lowered to 28%, that means they will finagle away to pay 2%. They are as stupid as the GOP. They KNOW loopholes.
Sarrafzedehkhoee
You need to get back on your meds, just like the hack who wrote that article. A fluff piece that has no real evidence supporting his claim! Get yourself some better citations before making a fool of yourself with a question like this based on an op-ed article on Yahoo.
Floyd G
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