Jill Stein Arrested: Green Party Nominee Faces Charges After Bank Protest
Thursday, August 2, 2012
Lie number 3) U.S. corporations are over-taxed.
Example: Republican presidential candidate Tim Pawlenty
We have the highest corporate tax rate, or one of them, in the OECD nations.Actually, as measured in terms of share of GDP, the U.S. has the lowest corporate tax burden of any OECD nation. While the official tax bracket may seems high -- 35 percent -- if one takes into account various loopholes and tax dodges, the effective tax rate is considerably lower, or around 27 percent, which comes in as slightly higher than average for OECD members. And according to ace tax report David Cay Johnston, the bigger you are, the less you pay -- the effective tax rate for the biggest U.S. corporations is only about 15 percent.
There you have it, for future handy reference. Poor people do pay taxes, the biggest corporations don't pay enough, and the United States, as a whole, has a low tax burden overall.
About Elections 2012
Read the Article at HuffingtonPost
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