{"id":71,"date":"2012-09-26T02:43:00","date_gmt":"2012-09-26T02:43:00","guid":{"rendered":"http:\/\/www.themodestproposal.com\/?p=71"},"modified":"2012-09-26T14:15:15","modified_gmt":"2012-09-26T14:15:15","slug":"us-effective-corporate-tax-rates-are-below-global-average","status":"publish","type":"post","link":"http:\/\/www.themodestproposal.com\/?p=71","title":{"rendered":"US effective corporate tax rates are below global average"},"content":{"rendered":"<div class=\"twttr_buttons\"><div class=\"twttr_twitter\">\n\t\t\t\t\t<a href=\"http:\/\/twitter.com\/share?text=US+effective+corporate+tax+rates+are+below+global+average\" class=\"twitter-share-button\" data-via=\"\" data-hashtags=\"\"  data-size=\"default\" data-url=\"http:\/\/www.themodestproposal.com\/?p=71\"  data-related=\"\" target=\"_blank\">Tweet<\/a>\n\t\t\t\t<\/div><\/div><p>Conservatives consistently make the claim that tax rates in the US are among the highest in the world. \u00a0As evidence, they point to the top tax bracket, or \u201ccorporate tax rate\u201d, into which high earning businesses fall.<\/p>\n<p>As discussed <a title=\"The New Social Contract and the Case for Progressive Taxation\" href=\"http:\/\/www.themodestproposal.com\/?page_id=89\">here<\/a>, only 3% of businesses fall into the top two tax brackets.\u00a0 This does include most large American corporations. \u00a0But even among this group, there is a big difference between corporate tax rates and effective taxes paid.<\/p>\n<p><a title=\"CRS: International Corporate Tax Rate Comparisons and Policy Implications\" href=\"http:\/\/www.cfr.org\/economics\/crs-international-corporate-tax-rate-comparisons-policy-implications\/p27349\" target=\"_blank\">A 2011 study by the non-partisan Congressional Research Servic<\/a>e showed that, while the statutory corporate tax rate in the US is higher than the average among other countries, the effective US corporate tax rate (the rate corporations actually pay) of 27.1% is below the average among the top 15 industrialized nations. \u00a0The table below shows the statutory vs. actual tax rates of the U.S. compared to other countries.<\/p>\n<p><a href=\"http:\/\/mediamatters.org\/static\/images\/item\/351.jpg\"><img loading=\"lazy\" decoding=\"async\" title=\"US and Global tax rates - statutory vs. actual\" src=\"http:\/\/mediamatters.org\/static\/images\/item\/351.jpg\" alt=\"\" width=\"590\" height=\"312\" \/><\/a><\/p>\n<p>The same study found that even dramatic cuts in the corporate tax rate would result in small increases in economic activity, but would result in massive decreases in tax revenue that would have to be offset by greater deficits or large reductions in spending.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Conservatives consistently make the claim that tax rates in the US are among the highest in the world. \u00a0As evidence, they point to the top tax bracket, or \u201ccorporate tax rate\u201d, into which high earning businesses fall. As discussed here, only 3% of businesses fall into the top two tax brackets.\u00a0 This does include most large American corporations. \u00a0But even among this group, there is a big difference between corporate tax rates and effective taxes paid. A 2011 study by the non-partisan Congressional Research Service showed that, while the statutory corporate tax rate in the US is higher than the \u2026 <a href=\"http:\/\/www.themodestproposal.com\/?p=71\"> Continue reading this post <span class=\"meta-nav\">&rarr; <\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-71","post","type-post","status-publish","format-standard","hentry","category-taxes"],"_links":{"self":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/71","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71"}],"version-history":[{"count":2,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/71\/revisions"}],"predecessor-version":[{"id":114,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=\/wp\/v2\/posts\/71\/revisions\/114"}],"wp:attachment":[{"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.themodestproposal.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}