[Flames Fan, Ph.D.]

Originally Posted by Rockin' Flames

I'll have to disagree with you on businesses having an incentive to operate in the US based on tax incentives. The US has the 2nd highest corporate tax rate in the world. Now Japan just lowered or plans on lowering their corporate rate by 4.5% so that would mean the US would have the highest corporate tax rate.

This is a typical canard.

The median effective tax rate is around 25%, with many paying much much less. So the burden is nowhere near the oft-quoted top marginal rate.

Better comparison is tax revenues as percent of GDP. The US is near the bottom of the pack there.



Edit:

Here are the data from the Treasury. If you go to page 24 you'll find that the effective rate across the economy is 17%. I apologize for overshooting it.