Permit me to introduce some actual facts in the midst of all the assertions being made regarding corporate taxes in America.

Comparing tax rates alone is a misleading way to compare tax rates across nations, since there are so many loopholes by which those rates can be circumvented. A much better, bottom-line way to compare actual corporate tax liabilities is by comparing corporate income tax revenue as a percentage of the GDP.

Here is the data for 2000, before several tax cuts for U.S. corporations were passed. The U.S. is eighth lowest.



The following graph shows how U.S. corporate tax rates have fallen compared to other nations from 1965 to 2000.

Here are some more facts which explain why simply looking at corporate tax rates is insufficient.

The Gap Between Statutory and Real Corporate Tax Rates

You may want to go to the above link, as it has a lot of information on the various techniques corporations use to reduce their tax liability. It's also interesting how we allow corporations to keep two sets of books; one for their shareholders, and a second one for the IRS.


--source: The Decline of Corporate Income Tax Revenues, Rev. 10/24/03

the us has the second highest corporate tax rate in the world. it needs to be lower
http://www.taxfoundation.org/news/show/1466.html

a lot of the the ideas i have just read are plian ignorant. i see a lot of government should do this and government should do that. noooo it shouldnt. why in the world would we want to increase the federal government. the model we have works just fine, but those in control of it have stepped far past their boundrys. it time to boot every single incumbent and start with new young educated politicians.

we should get rid of political parites(or elect someone who isnt from one), but that will never happen.

The "Anti-Business" socialists remain ignorant. They look at the gross profits of a company and then try to apply tax conclusions based upon those numbers but no company pays taxes on its gross profits. Companies pay taxes on their net profits.

By simple was of explanation, if we have a company that earns $100 million in gross profits and distributes that money totally as dividends to the stockholders they have a net profit of ZERO and owe no taxes.

The owners of the company (the stockholders) on the otherhand have to pay personal income taxes on the entire $100 million. So when you talk about the taxes being paid by a corporation you must also include the income taxes paid by the owners of the corporation (i.e. the stockholders).

By the way, don't forget that every corporation pays a 7.65% income tax on behalf of all of their workers up to $97K of income. Add that to your corporate taxes being paid.

well there you have it ~ there can be no denying the current system "cause[s] harm to others"

Shiva your an intelligent dude ~ in the main i respect your opinions. however, this time you are just dancing

For correction here are the actual tax tables for corporations from the IRS website:



As the tables indicate once a corporation earns a net profit of over $75K they pay over 1/3rd to the government in income taxes. Now I would challenge anyone to argue that a tax rate of 1/3rd of the profits isn't enough.

http://www.irs.gov/pub/irs-pdf/i1120.pdf