This is what has changed in America.
Want your Country back? Look back and pay forward.
'No corporation in the US actually pays 35% on income. Too many loopholes'.
'The distinction between statutory tax rates and effective rates. But it only takes a sentence or two, so here it is'.
'The statutory rate is the top rate in the tax table. Right now it's 35% for corporations.
'The effective rate is what corporations actually pay after their accountants are done combing the tax code for deductions and loopholes. The former is one of the highest in the world. That latter has been falling for years and is now one of the lowest'.
'That's right! The actual federal income tax paid by corporations is one of the lowest in the world'.
From : http://zandarvts.blogspot.com/2012/02/last-call_22.html
Here's Drum's orginal article and a good one too! : http://motherjones.com/kevin-drum/2012/02/no-american-corporations-are-not-being-crushed-under-irs-jackboot
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