U.S. Corporate Taxes: Still Second-Highest on Planet Earth

corporate taxes

Title of article is US Corporate Taxes Second Highest In World.

False. The title implies this is what they are actually paying, which they are not. It's more like 3.5$.

I work for one of the top 100 best us corps, they say, to work for and this is what I've seen.

Past 10 years average salary increase 2.5%, no that is not keeping up with inflation. Oh, BTW I am in a good field, computer science with a masters degree and I can't even keep my salary up to real inflation.

At corporate headquarters we have roughly 15% of Indian workers and another perhaps 10% working in India. Taxes are not the predominant reason corporations are outsourcing.

Our pension plan has been frozen, luckly we did get a portable plan but it is far inferion by any measurment.

Our health care plans went to one choice and the co-pays and deductables have been increasing exponentially. Our retiree benifit was locked at the companies contribution limit of 1987 so the co will kick in roughly $300 in today's dollars.

No, they don't owe me anything and I'm just lucky to have a job. But don't try to tell me us corporations are getting screwed. Facts is facts and I just don't understand how any middle class person feels that we should lower the corporate tax rate and taxes for the rich for that matter, hoping that trickle down economics and deregulation is what is good for workers.

If you don't start doing the hard work of researching the truth and becoming a critical thinker you will pay a heavy price.

sfsob of TN @ Oct 29, 2008 01:17:28 AM

As one of those idiotic americans...

Unless we return to an export centric nation, the INDIVIDUAL will pay the taxes regardless because the cost of doing business is passed onto the consumer of products and services. If you believe this to be true the question is:

Where are the tax regulations and associated breaks/loopholes best applied?

Rob Park of MA @ Aug 28, 2008 16:18:07 PM

If US companies do not have to pay tax until foreign earnings are repatriated, then the incentive is to use that money to expand offshore production rather than give it to the government as tax. No wonder US jobs are being off shored; we are incenting them with tax policy.

Also, other countries have a value added tax, which allows them to reduce corporate taxes. The US does not have a value added tax.

USS of IL @ Aug 17, 2008 08:53:18 AM

"* Does not take into consideration tax BREAKS given to corporations "

Doesn't matter. This is a study on tax rates, not on the myriad tax breaks corporations. But here is the underlying point: if you have lower taxes, you don't have a need for tax breaks.

"* Does not take into consideration how EASY it is for corporations to declare BANKRUPTCY and simply start over while the employee gets completely screwed over (such as retired employees who lose their "guaranteed health benefits")"

Opinion, not fact. It is not easy to file bankruptcy. Businesses do not get to simply "start" over if they file bankruptcy. And here's a thought: perhaps the fact that employee benefits are high in relation to their actual worth contributes to the need that businesses have to file bankruptcy in the first place (among many things).

"* Does not address the fact that although this country has an anti-trust act, it in fact, is NOT ENFORCED and thus free market competition is not really "free market" competition."

How does enforcing anti-trust laws guarantee a free market? In fact, they do the opposite. At its core, anti-trust laws are put in place to benefit low producing companies by placing restrictions on what high producing companies can and cannot do. Anti-trust laws on Microsoft did not benefit the makers of Linux software, nor do anti-trust laws on telecom companies benefit regional carriers. Economies of scale cannot be regulated by laws.

"* Does not take into consideration that Corporations actually have MORE rights as they exist as entities yet cannot go to jail as they have no true "identity" per se, thus creating a bizarre system where non-persons have the same rights as actual citizens of this country."

Incorrect. Corporations only have "person" status per the IRC. Constitutionally, businesses do not have "person" status. Otherwise, corporations would have a right to vote. But let's flip that around. If corporations do not have "person" status, who do you think have to pay taxes? Real people, aka you and me.

"The majority of Americans are uneducated. They are full of OPINIONS and not FACTS"

I would count you as part of that majority, at least when it comes to business and economics. By the by, a large swath of Americans work for corporations, so I guess those Americans are destroying America.

Chris of AZ @ Aug 15, 2008 18:02:15 PM

data manipulation at its worst

After reading the report the follow is clear and obvious:

* Does not take into consideration tax BREAKS given to corporations

* Does not take into consideration how EASY it is for corporations to declare BANKRUPTCY and simply start over while the employee gets completely screwed over (such as retired employees who lose their "guaranteed health benefits")

* Does not address the fact that although this country has an anti-trust act, it in fact, is NOT ENFORCED and thus free market competition is not really "free market" competition.

* Does not take into consideration that Corporations actually have MORE rights as they exist as entities yet cannot go to jail as they have no true "identity" per se, thus creating a bizarre system where non-persons have the same rights as actual citizens of this country.

Yeah, I weep for the Big Money and Corporations and they laugh all the way to the bank as they drive our economy into the toilet (no wait that is the Federal Reserve - the PRIVATE bankers taking OUR money - totally illegally passed in 1919 but off-topic).

The majority of Americans are uneducated. They are full of OPINIONS and not FACTS.

Its rather difficult to argue with facts. No matter your feelings on the subjects, facts are facts and evidence is evidence.

Yeah, I'm a trained librarian. I like facts. Because opinions are like fingerprints - we all have them and they are all different. But give me FACTS - because those are something REAL and TANGIBLE. And don't mess with us when presenting those facts because some of us are SMART and are sick of this.

Stacer of FL @ Aug 15, 2008 17:16:10 PM