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Non-Tech : Kirk's Market Thoughts
COHR 178.06+2.8%Jan 9 9:30 AM EST
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To: PJr who wrote (1710)7/17/2014 12:25:52 PM
From: Jerome  Read Replies (2) of 27007
 
Hey Part.....The US does have a high corporate tax rate of about 35%.....

But the actual amount of Federal taxes paid by the S &P 500 companies is about 19%. Tax exemptions for special interest groups (oil depletion allowance) and other exemptions make it (the 35% rate) just a starting point.

I have posted a few weeks back that 15% of all S&P 500 companies pay no Federal Income tax at all. GE, and GM have not paid any federal income taxes for the last ten years. So why bother to move to another country?

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