Friday, April 1, 2011
High Corporate Income Tax Rate Driving Jobs Overseas | The Foundry: Conservative Policy News.: "The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income tax and United States businesses pay a top rate over 39 percent. This is just below Japan which has a rate slightly over 39.5 percent."