Have you ever heard a TEApublican say, “The U.S. has one of the highest corporate tax rates in the world and it’s hurting small businesses and our economy”? Here’s a little ammo for the next time you do.
Here are a few quick facts:
- Though corporate profits are at record-breaking highs, corporate taxes are at a 40-year low
- If you look at the ACTUAL amount corporations pay in taxes after loopholes, deductions etc. instead of the 35% that’s on paper, the U.S. has the third lowestcorporate tax rate among developed nations at just 12.1%
- The U.S. also gets significantly less in revenue from corporate taxes than other countries
Watch these enlightening videos and check out the entire movie at WereNotBrokeMovie.com.
The Big Fakeout: How U.S. multinational corporations spin the tax debate and cheat the rest of us.
Small Businesses Picking Up the Tab for Multinational Corporations?