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We should tax those companies more so that they can move their business somewhere else instead of enslaving American people.
Some elected Congressmen love to inform people on Fox News that the U.S. has the highest corporate tax rate in the world and this is why they do not create jobs. While the tax rate is true from a statutory standpoint, the effective tax rate is the only rate that matters.
The effective average corporate tax rate in the U.S. is 12.6%, about middle of the road.
Some elected Congressmen love to inform people on Fox News that the U.S. has the highest corporate tax rate in the world and this is why they do not create jobs. While the tax rate is true from a statutory standpoint, the effective tax rate is the only rate that matters.
The effective average corporate tax rate in the U.S. is 12.6%, about middle of the road.
The tax rates wouldnt stop one from forming a company, it actually encourages it due to write offs. The problem is most people dont understand the tax code and afraid of failing.
Some elected Congressmen love to inform people on Fox News that the U.S. has the highest corporate tax rate in the world and this is why they do not create jobs. While the tax rate is true from a statutory standpoint, the effective tax rate is the only rate that matters.
The effective average corporate tax rate in the U.S. is 12.6%, about middle of the road.
A new study by the World Bank and the International Finance Corp. found that the U.S. ranks well behind countries like Rwanda, Belarus and Azerbaijan in terms of how easy it is for an entrepreneur to start a new business. The U.S. did narrowly beat Uzbekistan, though.
The rankings were included in the organizations' joint study "Doing Business 2014: Understanding Regulations for Small- and Medium-Sized Businesses." The annual report, released in October, ranks the relative ease of creating a new business in 189 countries, looking at such measures as the number of procedures required, the time spent complying with them and the cost of doing so, among other factors.
Those few with exceptional cognitive abilities that invent something that has the potential to change the world were and continue to be able to achieve greatness. And none of them likely gave a moment's thought to blaming government for what might have been, if only government got out of their way.
50% of all small business fail during the first 5 years. And it has nothing to do with government, federal, state and municipal. Owner inexperience/incompetence is the #1 reason, for failure. Some of these owners learn from the experience and start over. Some never do.
How about pass a law requiring minimum profit subsidy for the small businesses so that the little guys have a chance? Taxes collected from 95% corporate tax can easily pay for that.
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