 ahedgePremium
join:2002-05-14
Shepherd, TX | reply to pnh102
Re: Is anyone surpised? said by pnh102:said by Matt:Is anyone surprised that the Senate is still in the pockets of big business? Their mantra is more free money, less control, and more tax breaks ... all to corporations. That's worked wonderfully so far, hasn't it? It'd be nice if what you said was true. The USA has one of the world's highest corporate tax rates. I think it's not true if we compare to other industrialized nations. Do you have a reference to support that statement? |
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| »www.taxfoundation.org/publicatio···917.html |
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ahedgePremium
join:2002-05-14
Shepherd, TX | Well just comparing rates is inaccurate at best. This study tells a different story.
»oxrep.oxfordjournals.org/cgi/con···24/4/639
Corporate taxation in the US was around 10 percent of the total in 2005, and rather low as percentage of the GDP compared to other European nations.
(scroll down to Figure 6 Corporate taxation vs total taxation (2005) |
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| Countries like Norway can get 45% of tax revenue from corporations because of things like North Sea oil. This is pointed out in the very article you site. Remember that 70% of the US GDP is consumer spending & another 20% is government. |
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