Nancy Pelosi: No Fiscal Cliff Deal Without Tax Hikes For Rich (VIDEO)
Sunday, November 18, 2012
US corporations are not over-taxed.
As measured in terms of share of GDP, the US has the lowest corporate tax burden of any OECD nation. While the official tax bracket may seems high -- 35 percent -- if you take into account various loopholes and tax dodges, the effective tax rate is considerably lower, 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 US corporations is only about 15 percent.
Read the Article at HuffingtonPost
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