At 11:56 AM -0400 8/20/08, Steve at Verizon wrote:
Not so. It is the highest in the industrialized world. See Wiki:
http://en.wikipedia.org/wiki/Tax_rates_around_the_world
and click on the Corporate column to sort
Forgot to add; the US Corporate tax rate is 35%, higher than all but
a few 3rd world countries in that list,
Ah, but how many ACTUALLY PAY that rate? Between tax deductions, tax
credits and tax deferments, I'll wager the effective rate is lots
lower.
--
Roger
Lovettsville, VA
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