I have in the past week experienced on at least two different occasions cable news stations having talking heads on that have asserted that the U.S. either has the world's HIGHEST corporate tax rate, or is in the top 3.
This is a LIE. I am tired of hearing it, and I can't stand it not being debunked.
here is the relevant information
Per Wikipedia: Tax rates around the world
As you can see no matter WHICH WAY you dice this:
the basic Federal Corporate tax rate is 39% at most
How many other countries are ahead of us? here's the list:
Syria 45% Saudi Arabia 85% Bangladesh 40% Barbados 40% Guyana 45% India 40%
You can start making arguments for State+Federal but thats not how its presented, its presented as a National rate. Not to mention 39% is both the TOP of the range and that there are so many countries in the 30-35% range that it is not "wildly out of touch" with the world.
To delve further into this topic, take a look at taxes as a % of the national GDP and the numbers get even UGLIER for this arguement:
List of countries by tax revenue as percentage of GDP
This is a common conservative rallying cry,no doubt you'll hear your conservative friends and family quote it in the future. Be armed with the facts and respond effectively!