Spokesman-Review: Corporate Taxes Exaggerated
media mentionBy Lewis Marler
Corporations, their lobbyists and most of the media complain that the statutory corporate tax rate is 35 percent and among the highest in the developed world. But studies (Institute on Taxation and Economic Policy) demonstrate the effective tax rate – the percentage of profits that corporations actually pay in taxes – is about one-half of that because of the various tax loopholes corporations enjoy. In other words, the U.S. corporate taxes paid are not among the highest in the developed world.