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American lefties typically gaze northward with envy at Canada's high taxes, socialized medicine (never mind the waiting lists and Canadians fleeing southward for quick access to technology unavailable at home), and higher-density, mass transit-dependent cities. But The Canadians have figured out something that eludes American progressives: taxing corporations is a silly way to raise revenue for the state, as it hinders job creation, Phred Dvorak writes in the Wall Street Journal:
"Canada's government says the cuts and other business-attracting measures should bring more investment to the country. Economists say it's tough to figure out what the actual effects of such moves are, though some companies say Canada's relatively low taxes and stable financial and regulatory environment swayed their decisions to move operations and capital north."
Canada slashes corporate tax rate to 16.5%
Originally posted by saltheart foamfollower
I have a question for our resident tax increasers, if corporate taxes are lower in say Canada, and they are higher in the US, could that have an effect on say prices of.................. medical? I mean, we all know the corporations pay directly the taxes correct? They do not just pass them along to the customers, or DO THEY?
Yes, the current corporate tax rates in the US are at around 35%, depending on income level. Now, if you add in the state corporate tax rates which vary from 0-10%, you could have a 45-49% corporate tax rate.
Oh well, this could not have anything to do with the flight of companies away from the US could it?
Noooooooo, it must be something else.
canadians are still not from the usa can we trust they will open auto plants in america, or canada?
Our personal taxe rates have also been lowered.