Friday, March 16, 2012

It Costs Too Much To Do Business In America!

Japan has decided to lower its corporate tax rate to 36.8%. Japan previously had the highest corporate tax rate in the world. Now, the United has the highest corporate tax rate--39.2%.

The United States holds the world’s title for highest corporate tax rate, with average combined federal and state profit levies of 39.2%. That's higher than Sweden. Higher than Russia, China, Mexico, Denmark, and even France.

The last four years have seen numerous U.S. economic milestones—four years of trillion-dollar deficits, some $5 trillion in new debt, the loss of America's AAA credit rating, three years of near-zero interest rates (that have not done anything to lower unemployment), postwar records for federal spending as a share of the economy, and now the world's number one corporate tax rate.

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