One Month to Go Until We Have the World's Highest Corporate Tax Rate

One Month to Go Until We Have the World's Highest Corporate Tax Rate

Americans For Tax Reform
March 3, 2012

Just one month from today, Japan will lower their corporate income tax rate from 39.5 to 35 percent.  When they do so, the United States will officially have the dubious distinction of possessing the highest corporate income tax rate in the developed world, a federal/state integrated rate of 39.2 percent.

To put that in perspective, the average in the developed world (OECD) is only 25 percent.  Our six major trading partners--Canada, Mexico, the United Kingdom, Japan, Germany, and France--will all have a lower rate than we will have.  As a result, capital and jobs will continue to flow overseas, rather than staying here to create jobs, increase wages, fund pensions, invest in new business, or grow nest eggs.

Country	Corporate Income Tax Rate
United States	39.2%
OECD Average	25%
Canada	27.6%
Mexico	30%
Japan	35%
Germany	30.2%
France	34.4%

President Obama last month proposed a plan to raise net taxes, but in the process lower the U.S. corporate rate to about 32 percent. That simply isn't worth it. In exchange for a jobs-killing net tax hike, the Obama plan would still leave us with a tax rate higher than the OECD average, and higher than all our major trading partners except Japan and France. No thanks, Mr. President.

Couldn't find a way to get rid of that huge space under that table. Dammit.

TexasBlue wrote:Couldn't find a way to get rid of that huge space under that table. Dammit.

Doesn't matter here... nothing showed up on my screen but code...

As for the article, Obama's war on the private sector and capitalism continues.

Calling him a Marxist doesn't really do justice to how bad he has been as president.

That someone that anti-American, that anti-constitutional republicanism, that anti-capitalism, could be elected president just speaks to how far into the abyss this nation has descended.

dblboggie wrote:

TexasBlue wrote:Couldn't find a way to get rid of that huge space under that table. Dammit.

Doesn't matter here... nothing showed up on my screen but code...

As for the article, Obama's war on the private sector and capitalism continues.

Calling him a Marxist doesn't really do justice to how bad he has been as president.

That someone that anti-American, that anti-constitutional republicanism, that anti-capitalism, could be elected president just speaks to how far into the abyss this nation has descended.

I wouldn't be surprised if he wins again, I have no idea where the American people's minds are at this point. This may be the end.