Tuesday, May 5, 2009

Corporate Taxes

This is worth reading. I think I'd hit this point in a press conference, not just on the White House blog if I were president:
Jason Furman: Kyle, you are correct that the United States has the second highest statutory tax rate in the world, the official rate published in the tax code. But the United States also has more loopholes and special tax preferences than many other countries. As a result, the United States has a much lower effective tax rate. If you look at corporate taxes as a share of GDP they are below those of most major economies.

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