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Politics : PRESIDENT GEORGE W. BUSH
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To: Lizzie Tudor who wrote (455670)9/10/2003 8:12:07 AM
From: Bill  Read Replies (1) of 769670
 
We can't assume the maximum tax rate will be paid on that 100K earnings. Take the average, according to the taxinfo website, around 10% of total tax receipts are paid with corp taxes.

Lizzie, you are confusing corporate tax rates with the proportion of taxes paid by corporations. The tax rate is not 10%, it is 34%. Corporations, paying 34% tax on pretax income, account for 10% of tax receipts.

Until you understand the difference between the two, how can we continue this discussion?
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