Monday , 17 June 2024

Fact #2: The U.S. Has the Highest Corporate Tax Rate in the World

100 days of facts! One new straight-up fact every day until the election from to help Americans debunk myths, hold better conversations, get involved, and make choices as smarter citizens. Here is Fact #2 with supporting substantiation.

The following, by, is brought to you courtesy of Lorimer Wilson, editor of (A site for sore eyes and inquisitive minds) and (Your Key to Making Money!). This paragraph must be included in any article re-posting to avoid copyright infringement.

Fact 2* Released: July 31, 2012 – Taxes (see Fact #1 here)


Stifling innovation – or paying a fair share?

The United States has the world’s highest corporate income tax rate at up to 35%. Japan recently lowered its corporate tax rate to 30%, and some U.S. companies are moving operations to countries with lower rates such as Ireland, where the corporate tax rate is 12.5%. After various tax deductions and credits, the U.S. collected $205 billion in corporate income tax in 2009 from 5.8 million corporations, down from $228 billion the year before.

What do others say?

Here are stories and opinion relating to this fact. We didn’t base the fact on any of them; we simply find them interesting. Some argue a point of view. That’s them talking, not us….


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