USA is #1!

[Al B. Sure!]

http://washingtonexaminer.com/politics/washington-secrets/2012/03/we%E2%80%99re-no-1-highest-corporate-taxes/424571

Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world.

No, it’s not an April Fool’s joke. When Japan officially slashes its rate to 36.8 percent Sunday, America’s will be tops at 39.2 percent.

[Dauphin]

Having a low rate sure is working well for Ireland.

[giblets]

Having a high rate is surely killing Japan and Germany.

[Al B. Sure!]

Not sure that differences in corporate tax rates adequately explain the different current financial situations of these countries... there's a multitude of factors at work.

[PLATO]

Corporate Taxes are regressive as hell and the stupid democrats love them. I would laugh my butt off if it didn't make me cry.

[Aeson]

Clearly, the more you tax the bigger teh economy will be!

(I'd be interested in what that graph looks like after all the loopholes and offshore shenanigans are factored in.)

[giblets]

Corporate Taxes are regressive as hell and the stupid democrats love them. I would laugh my butt off if it didn't make me cry.

I'm not sure what you mean by this. According to Wikipedia, the corporate tax in the US takes a larger share of taxable income from corporations that have a higher amount of taxable income.

[BlackCat]

It doesn't really matter much if the corporate tax is high. It's way more important if the employer tax is that. Due to low employer taxes, american companies has relative low costs.

[Dinner]

Having a high rate is surely killing Japan and Germany.

They have been lowering their rates though in a step by step fashion for the last few decades. I'd rather see personal income taxes go up and corporate taxes go down.

[Uncle Sparky]

DP

[Uncle Sparky]

Having a high rate is surely killing Japan and Germany.

Mexico is tied for 5th highest. I guess if Americanos would just get rid of those pesky minimum wages and let skilled workers make $100 / week, the USA could be great again, and corperations could still thrive under high tax rates!

[Jon Miller]

I am less interested in the top % and more in the % of gdp.

With the complicated tax system the US has, the top % isn't incredibly meaningful.

JM

[Dauphin]

I'm not sure what you mean by this. According to Wikipedia, the corporate tax in the US takes a larger share of taxable income from corporations that have a higher amount of taxable income.

I think he may be alluding to the fact that corporation taxes can be argued to be ultimately paid for by customers, through increased sales prices. As such a poor person and rich person buying those goods will have to pay the same amount, including the element of corporation tax added on, and so it is regressive in that respect. This argument applies even if the underlying corporation tax is proportional or progressive with respect to profits of companies.

[dannubis]

They have been lowering their rates though in a step by step fashion for the last few decades. I'd rather see personal income taxes go up and corporate taxes go down.

I can tell you that is no pick-nick either. I pay 49% in personal taxes (not including VAT + taxes on fuel etc etc etc). I wouldn't be surprised if I paid 70 % taxes when everything would be added up.

[dannubis]

And 35 % for Belgium is a joke. There are loopholes the size of the moon in our legislation.