Published on OurFuture.org (http://www.ourfuture.org)

America Does NOT Have the World's 2nd-Highest Corporate Tax Rate

By Bill Scher

Created 06/16/2008 - 11:31am

Conservative Spin:

"Currently, the average combined federal and state corporate tax rate in the U.S. is 39.3 percent, second among OECD [Organisation for Economic Co-operation and Development] countries to Japan's combined rate of 39.5 percent."

Conservative Spin Footnote:

http://www.taxfoundation.org/publications/show/22917.html [1]

Progressive Response Footnote:

http://www.brookings.edu/opinions/2007/1027_corporate_taxes_furman.aspx [2]

Progressive Response:

"But because the United States has so many generous special tax preferences for businesses, it collects the fourth lowest corporate tax revenues as a share of GDP among all OECD countries."

An Economy for All
corporate taxes

Links:
[1] http://www.taxfoundation.org/publications/show/22917.html
[2] http://www.brookings.edu/opinions/2007/1027_corporate_taxes_furman.aspx