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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (46056)	9/21/2010 8:35:24 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Yes really, esp. compared to our developed nation peer group. Only our business nominal rates are so very high, but once all the loopholes and special tax code provisions, tax credits and whatnot are included we see the TRUE PICTURE in the effective income tax rates for businesses, which are much lower. The effective rate is lower (even sometimes zero in terms of what they pay the US government) for multinational companies, because they realize their income overseas because of our high rates. Lowering the nominal rate in these cases would likely actually increase the effective rate (in terms of what the feds receive, not necessarily in terms of what the company pays).