If you carefully read the figures quoted in the Smart Money article and do the math, you'll see that even with pass-thru's to personal filers, the defacto Corporate tax rate is still about a third of profits. And that doesn't include the myriad of local taxes including property, sales and utilities. Not to mention that any dividends payed to investors on net earnings are <i>also taxed.</i> Plus, in much of the world, the government is paying for employee health care.
Quote from bigdavediode:
No, the US does not have the highest actual tax rates in the developed world. That's the kind of boogeyman that Republicans use to scare their children before they go to bed.
And if it WAS true (which it isn't) then it would give a lie to the "Socialist countries have high taxes" mantra, so it's not even internally consistent to the philosophy.
Here's an article about it:
http://www.smartmoney.com/investing/economy/high-corporate-tax-rate-is-misleading-22463/
How about Swaziland or Lichtenstein?In both cases they are tax havens and unless you can induce Canadians and Mexicans to dump money into the new US tax haven you simply will have massively inflated deficits and massively inflated debt (see 2000-2006).
