General Discussion

Jeff In Milwaukee

(13,992 posts)

26. Teh Stupid, It Burns....

Tue Jul 30, 2013, 08:25 AM

Jul 2013

The table you're looking at shows statutory tax rates, and the whole point of the subthread is that while U.S. statutory rates are higher than the rest of the world, effective tax rates (that is to say, actual tax collections from business) bear little resemblance to the statutory rate.

A March 31, 2011, Congressional Research Service (CRS) report titled "International Corporate Tax Rate Comparisons and Policy Implications," compared the weighted average of corporate tax rates in the United States and in other countries in the Organization for Economic Co-operation and Development (OECD). It found that the United States has an effective corporate tax rate of 27.1%, compared to the OECD (excluding the United States) average of 27.7%.

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Obama to Offer New Deal on Corporate Taxes, Jobs (lowering corporate tax rate) [View all] cali Jul 2013 OP

and he trusts the Republicans to keep their theaocp Jul 2013 #1

Robbing Peter to pay Paul Ichingcarpenter Jul 2013 #2

Lowering corporate tax rates again? TBF Jul 2013 #3

He is negotiating with himself nt Teamster Jeff Jul 2013 #4

Finally, Obama is seeing the light on corporate tax rates badtoworse Jul 2013 #5

Please provide evidence to back your claims. There's a lot published that says you're wrong. Scuba Jul 2013 #6

See link below. badtoworse Jul 2013 #7

See Buns of Fire's post below. Scuba Jul 2013 #12

See my response badtoworse Jul 2013 #15

Nonsense. Corp tax rates the lowest in decades. n/t ms liberty Jul 2013 #8

I agree Duckhunter935 Jul 2013 #9

There's a difference, though, between the statutory rate and the effective rate: Buns_of_Fire Jul 2013 #10

So other countries don't have tax deductions as well? badtoworse Jul 2013 #14

I don't know why you are trying to John2 Jul 2013 #22

I remember McCain and other Republicans touting Ireland's low corporate tax rate. W_HAMILTON Jul 2013 #24

The people paying John2 Jul 2013 #31

What an erudite response. badtoworse Jul 2013 #27

No, it is John2 Jul 2013 #36

Are you serious? badtoworse Jul 2013 #38

Teh Stupid, It Burns.... Jeff In Milwaukee Jul 2013 #26

By continent 2011..lower labor costs..2$ per day .and NO regulations at ALL angstlessk Jul 2013 #45

No. Companies want to pay slave wages, and can do so in Thailand, Ecuador, Nicaragua, Mexico, ...... WinkyDink Jul 2013 #19

You're right. What other explanation could there be? badtoworse Jul 2013 #21

None that you'll posit. WinkyDink Jul 2013 #44

Corporate tax rates are too damn high! Capt. Obvious Jul 2013 #23

Corporate taxes have fallen from 26% of Federal revenues to 10% LondonReign2 Jul 2013 #29

Cut corporate tax rates? Another Republican proposal from a self-described Broward Jul 2013 #11

Exactly, and John2 Jul 2013 #25

Not until we get a decent Congress. The current Congress could not wipe it's butt correctly. nt bemildred Jul 2013 #13

But they are so good at licking them, ChairmanAgnostic Jul 2013 #16

How about reducing CIA travel money to 3 stars instead of 5 stars? Pholus Jul 2013 #17

"Job creation PROPOSALS"? Oh, now THERE'S something with real teeth! Bwahahahaha! WinkyDink Jul 2013 #18

Sounds like classic "Popeye/Wimpy" strategy to me - the Pukes bullwinkle428 Jul 2013 #20

Newsflash: Obama (R) is going to screw over the people who voted for him again. PowerToThePeople Jul 2013 #28

Keep in mind mick063 Jul 2013 #30

It's not as radical ProSense Jul 2013 #32

Wonder if Wyden will get thrown under the bus for those. JoePhilly Jul 2013 #35

"I'd like to see the details." Translation: I haven't got my talking points yet. DesMoinesDem Jul 2013 #40

Am I the only one here who thinks the phrase "New Deal", as used in that headline.... beerandjesus Jul 2013 #33

Because it's worked so well before. gtar100 Jul 2013 #34

Sold Out yet again FreakinDJ Jul 2013 #37

More permanent corporate rule in exchange for another temporary gesture. Egalitarian Thug Jul 2013 #39

Yes indeedy! Safetykitten Jul 2013 #41

Yessir BrotherIvan Jul 2013 #42

Investors get what they pay for. nt raouldukelives Jul 2013 #43