Guru
US to have highest corporate tax rate in the world in 30 days
One Month to Go Until We Have the World's Highest Corporate Tax Rate
Just one month from today, the United States will have the highest corporate income tax rate in the developed world, surpassing Japan.
Read more: http://www.atr.org/one-month-worlds-...#ixzz1ntdnrVfY
The gun control crusade today is like the Prohibition crusade 100 years ago. It is a shared zealotry that binds the self-righteous know-it-alls in a warm fellowship of those who see themselves as fighting on the side of the angels against the forces of evil. It is a lofty role that they are not about to give up for anything so mundane as facts-- or even the lives of other people. ~ Thomas Sowell
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Guru
Yet still one of the lowest effective corporate tax rates in the developed world. Strange, that.Originally Posted by Hoosier8
Last edited by Someone; Mar 01 2012 at 04:49 PM.
Guru
Lower than China's 0%?
The gun control crusade today is like the Prohibition crusade 100 years ago. It is a shared zealotry that binds the self-righteous know-it-alls in a warm fellowship of those who see themselves as fighting on the side of the angels against the forces of evil. It is a lofty role that they are not about to give up for anything so mundane as facts-- or even the lives of other people. ~ Thomas Sowell
http://www.assaultweapon.info/
Guru
A) As pointed out, their corporate tax rate is not 0%.
B) "One of the lowest" is not the same thing as "the lowest."
C) China is usually considered a "developing economy" in political science circles, not a "developed economy", which is usually reserved for states current passing into a postindustrial economic phase, or which have already passed into one. Industrial states like China, India, etc are somewhat different.
Guru
Yeah, but made you look.
Do you thing that having the highest corporate tax is beneficial to the US?
The gun control crusade today is like the Prohibition crusade 100 years ago. It is a shared zealotry that binds the self-righteous know-it-alls in a warm fellowship of those who see themselves as fighting on the side of the angels against the forces of evil. It is a lofty role that they are not about to give up for anything so mundane as facts-- or even the lives of other people. ~ Thomas Sowell
http://www.assaultweapon.info/
As already said, it isn't!
Participant
Corporations don't pay taxes, people do.
Corporate tax is just another business expense passed on to consumers.
Exxon's 4 Billion tax bill just gets aded to the price of gas.
Guru
Very true. So do corporate taxes help citizens?
The gun control crusade today is like the Prohibition crusade 100 years ago. It is a shared zealotry that binds the self-righteous know-it-alls in a warm fellowship of those who see themselves as fighting on the side of the angels against the forces of evil. It is a lofty role that they are not about to give up for anything so mundane as facts-- or even the lives of other people. ~ Thomas Sowell
http://www.assaultweapon.info/
Depends how they impact on other taxes and how they could impact on firm behaviour (and the search from inefficient economic rents)
Participant
As I said, corporate taxes are equivelent to sales taxes paid by consumers. Yes, all taxes help citizens to some degree, but much tax money is spend foolishly or ineffeiciently or to benefit selected segments of society (selected by politicians, generally to buy votes). The money would be better spent by consumers directly in the marketplace who would pick the best way to spend it without an agenda to get reelected.
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