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

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.”
Bill Scher's picture

CAF STAFF

PROgressive Response:

By Bill Scher
June 16th, 2008
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"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."

 Source

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

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