Tuesday, February 28, 2012

Corporate Tax Fraud

I know I could break you down
But what good would it do?
I could surely never know
That what you say is true
--Information Society

Classic example of media bias. CNN graphic groups US corporate tax rate with five other central govt tax rates at 30% or higher. The commentator then suggests that the US is 'competitive.'

Of course, what's missing is a representative sample. The five comparative countries selected for the graphic happen to be the other top corporate tax rates among OECD countries. Twenty seven OECD countries have lower corporate tax rates, with Switzerland at the bottom at 8.5%.

Once again, we find media commentators either being ignorant (coupled with selective reasoning) or downright disingenuous.

1 comment:

dgeorge12358 said...

Hidden in the fine print of the budget is a provision that ramps up the corporate dividends tax rate from its current 15% to 39.6%.  In addition, certain deductions and exemptions will be phased out; an additional 3.8% Obamacare investment tax surcharge will be tacked on, bringing the effective dividend tax rate to 44.8% in 2013.
~Ron Paul