19 ms·
Those are the current stats. If the corporate tax rate is raised to 28%, as Biden is proposing, the US would be far above the average.
by nullbyte 3y ago
Those are the current stats. If the corporate tax rate is raised to 28%, as Biden is proposing, the US would be far above the average.
- woodruffw 3y agoIf I'm reading this list correctly, an effective 28% corporate tax rate would put us in the middle of the OECD pack. But even then: raising the statutory rate to 28% does not actually guarantee that the effective rate rises to 28%. Edit: By the Tax Foundation's own calculations, the OECD average effective rate is around 26% when adjusted by GDP[1]. So 28% is not extraordinarily out of band, especially when we consider that that's statutory and not effective. [1]: https://taxfoundation.org/data/all/global/corporate-tax-rates-by-country-2022/ https://taxfoundation.org/data/all/global/corporate-tax-rate...