American corporations more heavily taxed? No!
You may have heard from the Republican Kool-Aid drinkers assured declarations that U.S. corporations are taxed more heavily than corporations in other industrialized countries. It’s hard to know off the top of your head where people who say such things are coming from, but it didn’t sound right.
Well, it’s false, according to the Organization of Economic Cooperation and Development, of which the United States is one of 19 members. What people who say this are mixing up is the highest marginal rate – the U.S. has the second highest rate among the member countries – with the actual effective rate. In fact, because of more generous exemptions, deductions and other tax-reduction mechanisms, the actual effective tax rate is BELOW THE AVERAGE for the 19 OECD members, with U.S. corporations paying 13.4 per cent of profits compared to the OECD average of 16.1 per cent.
You’ll hear it again. Shoot it down: It’s false, false, false.
Well, it’s false, according to the Organization of Economic Cooperation and Development, of which the United States is one of 19 members. What people who say this are mixing up is the highest marginal rate – the U.S. has the second highest rate among the member countries – with the actual effective rate. In fact, because of more generous exemptions, deductions and other tax-reduction mechanisms, the actual effective tax rate is BELOW THE AVERAGE for the 19 OECD members, with U.S. corporations paying 13.4 per cent of profits compared to the OECD average of 16.1 per cent.
You’ll hear it again. Shoot it down: It’s false, false, false.
posted by KISSWeb | 3:28 PM
1 Comments:
2nd biggest lie next to Obama will raise taxes. These need to be refuted over and over and over by Obama and the DNC drumming it into the ears of voters.
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