I heard a similar conclusion regarding corporate taxes at the Global Asset Management Education conference a few weeks ago in New York: Although the top marginal business tax rates are high, the “tax take” (I.e., tax dollars actually paid by corporations) is not high thanks to tax credits, loopholes, and creative accounting. So why harp on taxes when there is evidence indicating tax bills are just fine relative to the rest of the world…for both individuals and corporations?
Sorry America, Your Taxes Aren’t High
But if you disagree, think about moving to Chile or New Zealand. Read the full story
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