America officially has the highest taxes in the World...

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.

 

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

 

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".

 

Show me how it is bogus.

 

So, you want to exclude the single only important comparison? How completely stupid is that? There is only one tax rate that matters at all, whether it's personal or corporate. And that is the effective tax rate. Any other rate is completely meaningless. The one complicating factor is multinational corporations because they operate across so many jurisdictions it can be impossible to get an apples to apples comparison. Regardless, if you want exclude bringing effective tax rates into the discussion, then it's best to close the thread as there is nothing to discuss.

 

I agree. You or Reiver can start an "Effective Tax Rate" thread. Comparing effective rates is trickier since not every company has the same one. I already proved my point. The evidence is in the published numbers.

 

'We have the highest tax in the world' and comments of that ilk can only be made if a proper comparison is made. Here that requires effective rates. From those rates we know that it will be a non-American that makes that statement.

This basic sense has been communicated repeatedly. It demonstrates the power of right wing brainwashing when that sense is ignored

 

You can spin but the fact is US has the highest corporate tax rate among industrialized countries

http://www.usnews.com/opinion/blogs...hest-corporate-tax-rate-hurts-us-economically

 

Spin? I'm talking basic sense. We can only make valid international comparisons by referring to effective rates. Those effective rates do not show that the US has the highest tax rate. Several people have already presented evidence that proves that.

Why do you think its so easy to manipulate right wingers with bogus statistical comparisons?

 

The fact is we have the highest rate and that is not enough for Obama. we also are one of the only countries to double tax our citizens for foreign income.

Keep spinning but the tax system here sucks and Obama wants to overtax us even more when he is now the 5trillion dollar man. The answer is for Obama to get a budget and cut spending and stop raising taxes and over taxing us.


http://cnsnews.com/news/article/5-trillion-man-debt-has-increased-under-obama-502776147648456

 

The fact is you don't. The fact is that you're trying to make a bogus comparison in order to suggest that you do.

 

No I have shown we are over taxed and you want to deny it. The US even double taxes the citizens that work over seas. That is why we are breaking record under Obama for people renouncing their US citizenship.

 

You're free to make subjective evaluations such as 'we are overtaxed'. That is fair enough! However, making bogus statistical comparisons that make zero sense (except for peddling a party political bias) just isn't cricket.

There's no debate in this: you should be referring to effective rates

 

I have shown proof and you want to spin it.

 

The evidence has already been presented. See, for example, the review of the scholarly research into effective rates

 

You can spin it but the US has the highest tax rate and is one of the very few countries that double taxes its citizens over seas.

So then Obama wanting a 30% tax raise would be bogus because of deductions and loop holes?

 

No, I can keep referring to the truth. We should be referring only to effective rates and the available scholarly research does not have the US as having the highest. You may disagree with that as it doesn't suit your political bias, but that doesn't concern me

 

So you will not address Obama's 30%? I get it you only want to address what your political agenda says

 

But the taxes US companies pay are amongst the lowest in the industrialized world.

Go figure.

 

I only need to do one thing: refer to the scholarly research on the subject. Ironically it was an anti-Obama fellow that splendidly provided a review of that research.

 

Apparently because they just really want to believe it. A tax rate, in and of itself, is quite simply meaningless. A great example is the 91% incremental tax rate we used to have on the incomes of rich people. It truly sounds terrible, right? And I guess it really is bad if you choose to ignore the fact that no one actually paid that. Or even close to that.

I look at financial statements for a living. Unless there is something odd like deferred taxes coming due, I very rarely see companies paying a 35% rate.

 

Its an interesting phenomenon mind you. Rather than use the available evidence correctly (e.g. refer to positive gains in nations with lower effective rates), they go for something that is headline grabbing but as easily dismissed as the "WW2 bomber found on moon" Sport story. Its ultimately destructive, unless of course there is a homogeneity amongst the right where just a sense of (fake) righteousness is sufficient...

 

Sort of like stating that Saddam was a threat because he had the 4th or whatever largest Army, while ignoring the near total lack of working weapons. For some reason it seems easier for some to ignore the actual salient points.