Monday, September 26, 2011

Our Ridiculous Corporate Tax Rate

Our highest corporate tax rate is almost 40%, the second highest in the world.  And that might change soon, as Japan lowers its corporate tax.  Here is the chart of the week from the Heritage Foundation:

Remember that the very same politicians who have orchestrated this anti-growth tax structure are the guys who compain about companies outsourcing jobs oversees.  Well, if you factor in the high tax rate, and throw in the cumbersome regulations as well, it doesn't take a genius to figure out why jobs are leaving this country.

1 comment:

njconservative said...

Thanks for posting this. I used the chart and the point of your post in my own blog as evidence that our government is out of control and needs to change.