Obama to pitch lower corporate tax

[pampango]

10. No they don't. They may allow some breaks but no where near our level.

..the average corporate tax rate for fiscal year 2011 (ending Sept. 30) was 12.1 percent. That's roughly a third of the nominal rate and the lowest effective corporate tax rate on record in 40 years.

...when one compares the effective corporate tax burden in the United States with other industrialized nations, America actually ranks among the lowest. According to the Center for Tax Justice, in 2009 America ranked next to last (Iceland) among nations in the Organization for Economic Cooperation and Development in corporate taxes as a share of gross domestic product, at 1.3 percent. The average for all the OECD countries combined is 2.4 percent - that is, nearly twice as high as it is here.

http://www.sacbee.com/2012/02/10/4253677/the-truth-about-corporate-taxes.html

Our extremely low effective corporate tax rate coupled with our regressive income tax structure combine to give us a level of income inequality that is unrivaled in the developed world.