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View Diary: 10 reasons why Uncle Sam needs more tax revenue (28 comments)

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  •  ThinkProgress had an interesting chart (4+ / 0-)
    Recommended by:
    MeToo, Onomastic, caul, JesseCW

    Taxation as a percent of GDP amongst 1st and 2nd world nations.

    As a share of GDP, the U.S. had the second lowest tax rate, behind only Iceland. This statistic flips on its head the often-repeated Republican charge that America has the second highest corporate tax rate in the world (which is only true on paper). In 2009, U.S. corporate taxes had fallen to only 1.3 percent of GDP, from 4 percent in 1965.
    I could not get the chart to embed, so click on over to the source.  Thanks. Source.

    "It is from the Bible that man has learned cruelty, rapine and murder; for the belief of a cruel God makes a cruel man." -- Thomas Paine

    by sailmaker on Mon Apr 08, 2013 at 08:34:09 PM PDT

    •  Hey sucker, you're being manipulated (1+ / 0-)
      Recommended by:

      See for yourself that corporate income taxes as a percentage of GDP is a con job.

      We're the only country that has 100% tax exempt corporations, S Corporations and LLCs -- originally small -business corporations but the S Corps are now 100 shareholders and LLCs are unlimited shareholders. Together they comprise over half our corporate profits.

      No other country does this.  Canada, for example, has been slashing their corporate rates, now at 15% and no exempt corporations.  They also have a 0% tax on dividends, and their middle-class capital gains are not exempt either.

      Point being:  the next time you laugh at how goofy the Birthers are, wink at yourself in the mirror and salute your own puppetmasters.

      •  I don't think you have a right (0+ / 0-)

        to be laughing at sailmaker; you are simply pointing out how we might be getting to be the country with the second lowest rate.
        1) How does what you say refute in any way what sailmaker linked to (which is what your tone implies?)
        2) Why is corporate tax measured against GDP a "con job", when it is simply one measure by which we might compare countries? Especially if "over half" of our corporate profits are garnered tax-free? That latter bit of info has no bearing on the former measurement (and does nothing to prove your assertion about the merit of the metric in the first place), other than to bring up where we might find some more $ and improve our ranking.

        "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

        by bryduck on Tue Apr 09, 2013 at 12:21:21 PM PDT

        [ Parent ]

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