Taxes are killing us.: The US at 26.1% pays less tax than any other industrialized country except Japan at 25.8%. Sweden is at 50.2%, the UK at 35.8%, and Spain at 35.5%, for example. BTW each of these three countries had higher growth (average per capita growth 1995 – 2005) than we did. 2.5%, 2.4% and 3.1% resp. compared to our 2.1%. Also Japan’s was 1% growth.
Frank Ahrens: But did you know our corporate tax rate is among the highest in the world? That makes a real difference if you’re a business and you’re thinking about locating in the U.S. or, say, India.[….]
But did you know our corporate tax rate is among the highest in the world?: Dead wrong. Our nominal tax rate of 35% is among the highest, but because of loopholes our real tax rate of 18% is among the lowest real corporate tax rates.
Frank Ahrens: Back atcha.
And this is an economics reporter at one of the country’s three most important newspapers? You know, I feel bad saying this when I hear about all the reporters getting laid off, but I can’t think of any other profession where someone this inept could rise to near the top. So I say this with all due respect to all the good, smart, tough hard-working reporters out there: we’ll be better off when this whole clown show goes bankrupt.