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Loved Table 1. Thanks for destroying the OPOriginally Posted by FrankCapua
Loved Table 1. Thanks for destroying the OP
Guru
Of course it matters ?? I can make a tax of 100% but if you can claim 99% in write-off's the effective tax is only 1%
The US has nowhere near the highest effective tax rates in the world. ( I assume you are talking corporate tax .. personal income tax rates are not even close to the highest)
Analyst
To make all that easier to visualize, here is a graph of 2009 data collected by World Bank for 11 countries.
You destroyed nothing. The U.S. still still has the highest corporate tax rate in the world, and most certainly one of the highest effective tax rates.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
I'm talking about corporate tax rates.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
When talking about relative corporate rates we will automatically refer to effective rates. The fellow gave a source which summarised the scholarly research in the field. The US doesn't have the highest corporate rates and you've simply been manipulated by a source making bogus comparison
The U.S. has the highest nominal corporate tax rate in the world...period. It also has ONE of the highest when looking at effective rates...period. Believe what you wish to, my friend.
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
Nominal rates cannot be used in international comparisons. They are useless. Nice to admit that your OP was wrong though: the US doesn't have the highest corporate tax rate in the world; we only know that- for political reasons- folk have tried to abuse nominal rates in order to impact on the impressionable
Correspondent
Wow, the OP made a bogus and completely false claim in the title, was called on it, and now can't backpedal enough. Nothing to see here.
That's funny. I keep reiterating that my OP is correct. We have the highest corporate tax rate in the world. Show me otherwise, and don't bring effective rates into this. I'm talking about "Corporate Tax Rates".
"The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. It’s irresponsible. It’s unpatriotic!" - Barack Hussein Obama
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