Monday, November 16, 2009

Reality Check...

Subject: txt trade mny msm libs bdd -

"President Obama on Monday [May 4, 2009] spelled out his proposals to close corporate tax loopholes on U.S. multinational corporations and crack down on overseas tax havens... "
Source: CNNMoney.



Source: The Tax Foundation.

  • Corporate tax rate (combined federal and state) in the US in 2009: 39.1% (2nd place among 30 OECD countries, just after Japan at 39.54%).
  • In Sweden: 26.3%.
  • In Switzerland: 21.17%.
  • In Ireland: 12.5%.

[I.e., our own government is handing our global competitors a massive advantage.]

Source: The Tax Foundation.
.

No comments: