In response to:

With Washington Now Imposing the World’s Highest Corporate Tax Rate, Every Day is April Fool’s Day for American Companies

plane Wrote: Apr 02, 2012 7:37 AM
As usual the author has twisted the facts and provided pure BS.... Reality Check: Effective U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations
Drifter Wrote: Apr 02, 2012 2:06 PM
It doesn't matter what the rate is. The untwisted facts are that the entire concept of corporate taxation is a fraud on the public. Corporations do not pay a single dime in taxes--ever! Every penny of corporate taxes is passed to the consumer as higher prices for goods and services or to the stockholders as lower dividends.
The corporation only acts as a stealth tax collector for the government and individuals end up paying all taxes.
Bufa Wrote: Apr 02, 2012 10:17 AM
Why?

Cause you said so? How about you list the countries that have the higher corp tax rate than the US?

List the countries and list their rates for us will you please?
Sean245 Wrote: Apr 02, 2012 10:41 AM
"United Arab Emirates—at 55%; Uganda—at 45%; Japan—with a 41% tax rate; Libya—at 40%; and the United States, which also had a 40% highest marginal tax rate for corporations."

Source: Global Finance
James____Tx Wrote: Apr 02, 2012 9:00 AM
Fact: most US companies are leaving the US. Fact : no effort is being made to bring real jobs back to the US. Question: Why so angry?
Drifter Wrote: Apr 02, 2012 2:11 PM
Fact: The United States is still the leading manufacturer in the world.

http://www.wisegeek.com/what-are-the-top-manufacturing-countries.htm

Last year, I expressed skepticism that the White House was serious about reducing the corporate tax rate. And, sure enough, when the Obama Administration produced a plan earlier this year, it was a disappointing mix of a few good provisions and several unpalatable proposals.

This is unfortunate because the United States has one of the most punitive corporate tax systems in the developed world. Indeed, every singe European welfare state has a lower corporate tax rate than America – even leftists nations such as France and Sweden!

For a long time, only Japan...

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