Comments on: The U.S. Does Have World’s Second Highest Corporate Tax Rate http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/ The Foundry promotes conservative policies and principles by offering the best in public policy research with the day’s current events. The Foundry is published by The Heritage Foundation. Mon, 22 Mar 2010 02:01:20 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: EJhttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-11808 EJ Tue, 30 Dec 2008 04:06:43 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-11808 "If our oh-so-onerous corporate tax rate results in the 5th lowest overall per capita tax intake among 30 OECD nations, what exactly would be the point of cutting it?"It's because firms make decisions on the margin. The choice of say building a new factory in the US is not based on the firm's total effective tax rate, but what the marginal rate of taxation is on that new activity, which is the second highest in the world. That's why. Furthermore, the effective tax rate is not universal. Certain firms and certain industries get more breaks then others. “If our oh-so-onerous corporate tax rate results in the 5th lowest overall per capita tax intake among 30 OECD nations, what exactly would be the point of cutting it?”

It’s because firms make decisions on the margin. The choice of say building a new factory in the US is not based on the firm’s total effective tax rate, but what the marginal rate of taxation is on that new activity, which is the second highest in the world. That’s why. Furthermore, the effective tax rate is not universal. Certain firms and certain industries get more breaks then others.

]]> By: Motown Mo Problems | Bearing Drift :: Virginia Politics and Podcastshttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-11799 Motown Mo Problems | Bearing Drift :: Virginia Politics and Podcasts Tue, 30 Dec 2008 00:10:51 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-11799 [...] So what are we going to do to build confidence in America’s business environment and compete on the global market? I hope we don’t repeat the mistakes of the past and build up more trade barriers and scare investments away. How about reducing the US corporate tax rate which is the 2nd highest in the industrialized world? [...] [...] So what are we going to do to build confidence in America’s business environment and compete on the global market? I hope we don’t repeat the mistakes of the past and build up more trade barriers and scare investments away. How about reducing the US corporate tax rate which is the 2nd highest in the industrialized world? [...]

]]> By: Jeremy, Minneapolishttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-7040 Jeremy, Minneapolis Thu, 16 Oct 2008 01:58:49 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-7040 So let me get this straight. If our oh-so-onerous corporate tax rate results in the 5th lowest overall per capita tax intake among 30 OECD nations, what exactly would be the point of cutting it? I'm not sure why conservatives would want to change what has thus far been such an effective tax-reduction policy.There's a sucker born every day who will fall for This, the flimsiest kind of all "facts," one that allows you to say something "true," and totally mislead someone on what reality is at the end of the day. Totally agree with the MSRP comment. So let me get this straight. If our oh-so-onerous corporate tax rate results in the 5th lowest overall per capita tax intake among 30 OECD nations, what exactly would be the point of cutting it? I’m not sure why conservatives would want to change what has thus far been such an effective tax-reduction policy.

There’s a sucker born every day who will fall for This, the flimsiest kind of all “facts,” one that allows you to say something “true,” and totally mislead someone on what reality is at the end of the day. Totally agree with the MSRP comment.

]]> By: Charlie Quimbyhttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1555 Charlie Quimby Thu, 19 Jun 2008 01:06:06 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1555 Saying the U.S. has the "world's second highest corporate tax rate" instead of the "fourth-lowest effective tax rate" is deliberately misleading. It's like answering the question, "how much did you pay for that?" with "the MSRP is $5,000" — when the street price is really 30% less. Saying the U.S. has the “world’s second highest corporate tax rate” instead of the “fourth-lowest effective tax rate” is deliberately misleading. It’s like answering the question, “how much did you pay for that?” with “the MSRP is $5,000″ — when the street price is really 30% less.

]]> By: » Taxing Like It’s 1978 » The Foundryhttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1516 » Taxing Like It’s 1978 » The Foundry Tue, 17 Jun 2008 21:20:09 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1516 [...] The U.S. Does Have World’s Second Highest Corporate Tax RateDan Ancona, Earth [...] [...] The U.S. Does Have World’s Second Highest Corporate Tax RateDan Ancona, Earth [...]

]]> By: Dan Ancona, Earthhttp://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1515 Dan Ancona, Earth Tue, 17 Jun 2008 20:53:43 +0000 http://blog.heritage.org/2008/06/16/the-us-does-have-worlds-second-highest-corporate-tax-rate/#comment-1515 Weak! Weak!

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