Quote:
Originally Posted by jschmidt
This "tax rate" scam compares apples and oranges. This rate is the tax rate pre-deductions and compares to other countries that have different tax schemes. All business expenses here are deductible.
Don't be fooled, after deductions, we have one of the lowest tax collections in the industrialized world.
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Funny how you don't back your claim up with any data. What you are talking about are
effective tax rates. That is the rate companies actually pay after deductions and credits. The C.D. Howe Institute (FYI, a Canadian entity) regularly publishes effective tax rates for OECD countries. The latest report I can find is for 2007:
http://www.cdhowe.org/pdf/ebrief_52.pdf
As I pointed out earlier, in just marginal rate, the U.S. is #2 highest but, when measured by effective rate, the U.S. is
#1. Hey, we like to be #1 don't we?!?!
BTW, notice how Belgium is ranked 4th highest by margin only but the lowest (30th) of all in effective rate? Now THAT'S tax incentives!