It really is pathetic how the most Fundamental Facts about so many of our Most Critical Issues elude the masses, who act and vote against their own self interests due to their ignorance. U.S. companies face the highest official corporate tax rate in the world. But theres a big difference between the rates set out by law and the cash thats actually collected. — Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said... U.S. corporate tax collection totaled 2.6% of GDP in 2011, according to the Organization for Economic Cooperation and Development. That was the eleventh lowest in a ranking of 27 wealthy nations... (From the article linked to below: money.cnn/2013/07/01/news/economy/corporate-tax-rate/ — BTW: I never did like all those Batman-slapping-Robin graphics, but this one certainly makes a valid point.)
Posted on: Fri, 08 Aug 2014 19:44:27 +0000
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