Sunday, January 25, 2009
I heard the information in my last post at an economic forum just last week. I found the following information in a Tony Blankenship blog on Townhall.com.
Currently, the United States has the second-highest corporate tax rate of all industrial societies, after economically anemic Japan. The U.S. federal rate of taxation is 35 percent, and when the average state and local corporate tax rates are added, American corporations pay, on average, a 39.27 percent tax on their incomes. China is at 25 percent; Mexico is at 28 percent; socialist Sweden is at 28 percent; and prosperous Ireland is at a mere 12.5 percent.
Gee, what would our economy look like if money were "freed up' and corporations were allowed to buy more inventory, expand and hire new employees, create new products!
Currently, the United States has the second-highest corporate tax rate of all industrial societies, after economically anemic Japan. The U.S. federal rate of taxation is 35 percent, and when the average state and local corporate tax rates are added, American corporations pay, on average, a 39.27 percent tax on their incomes. China is at 25 percent; Mexico is at 28 percent; socialist Sweden is at 28 percent; and prosperous Ireland is at a mere 12.5 percent.
Gee, what would our economy look like if money were "freed up' and corporations were allowed to buy more inventory, expand and hire new employees, create new products!
Wow, can you beleive how long ago since I started this blog? I only signed up so that I had access to other blogs, but, here I go. I am about to start blogging!
I am so disgusted with the lack of education of the general populance, history has been revised in government schools and this mesiah descending down the path to socialism. If he was not such an ego-maniac, he would call on Paul Volker or any number of intelligent economists; he would know that he cannot spend his way out of this economic problem.
Our country charges the second highest corporate tax in the world! Only Japan is higher and they, too are in deep doodoo!
Ireland lowered theirs, (I believe to 15%) and they pulled out of economic woes.
government cannot save this economy, hard working Americans like myself can!
I am so disgusted with the lack of education of the general populance, history has been revised in government schools and this mesiah descending down the path to socialism. If he was not such an ego-maniac, he would call on Paul Volker or any number of intelligent economists; he would know that he cannot spend his way out of this economic problem.
Our country charges the second highest corporate tax in the world! Only Japan is higher and they, too are in deep doodoo!
Ireland lowered theirs, (I believe to 15%) and they pulled out of economic woes.
government cannot save this economy, hard working Americans like myself can!
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