Tea Party on Corporations

	Tea Party on Corporations

Corporate tax rate worldwide declining, except in US

The American tax system, both individual and corporate, is incomprehensibly complex and growing worse every day. As a simple measurement of this fact, it is worth noting that the number of pages of federal tax rules increased from an absurd 26,300 in 1984 to an astounding 71,684 in 2011. That's 35 times longer than the King James Bible. And while the average corporate tax rate in the 30 largest industrialized countries had DECLINED from 38 to 25.5% between 1992 and 2011, our comparable rate is now 39.2%.

Canada's corporate tax rate is 16%. And its economy is doing better, its unemployment rate is lower and its dollar is now worth more than ours--none of which was true just 3 years ago.

Source: Tea Party Patriots, by M.Meckler & J.B.Martin, p. 48 , Feb 14, 2012

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