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Old July 17th, 2012, 07:16 AM   #74
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Originally Posted by g00fy1 View Post
The U.S. corpoate tax rate is the highest in the world at 39.2%! Source
Not to agree with Bruce's perception, but don't ignore this:
Loopholes and other special treatment for different kinds of businesses mean that businesses pay an effective rate of only 29.2% of their income, which puts the United States below the average of 31.9% among other major economies, according to analysis by the Treasury Department.
All that being said, corporate tax is of course also more than double taxed when it finally gets down to the owners of that corporation. and to think some libby's want to see a VAT implemented.
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