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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: longnshort who wrote (20458)	10/6/2009 3:09:19 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

You are still obfuscating with NOMINAL, not actual EFFECTIVE average tax rates.

To: longnshort who wrote (20458)	10/6/2009 3:20:33 PM
From: DuckTapeSunroof	Respond to of 103300

"Nevertheless, some have argued that U.S. corporate tax rates unduly burden U.S. companies by pointing to the country’s top statutory tax rate, which is 35 percent. For example, a recent Wall Street Journal editorial calling for corporate tax cuts noted that this is the second highest top statutory tax rate among developed countries.[2] While true, this gives the false impression that the corporate tax burden is greater here than in other developed countries. Because the U.S. tax code offers so many deductions, credits, and other mechanisms by which corporations can reduce their taxes, the actual percentage of profits that U.S. corporations pay in taxes — or what analysts refer to as their effective tax rate — is not high, compared to other developed countries." Message 25998307