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Which taxes do you figure are low and in what historic context are you reaching to come up with that theory? This is an area I don't even need to spend the hours (weeks as it happened) researching. I've already done it and know the outcomes..but I'm very curious as to the basis and examples behind your conclusions?
now congress is in charge of finding jobs for the unemployed in America.
Corporate Tax Rates - 2006 Through 2013
The corporate tax rate is 40%. The marginal federal corporate income tax rate on the highest income bracket of corporations (currently USD 18,333,333 and above) is 35%. State and local governments may also impose income taxes ranging from 0% to 12%, the top marginal rates averaging approximately 7.5%. A corporation may deduct its state and local income tax expense when computing its federal taxable income, generally resulting in a net effective rate of approximately 40%. The effective rate may vary significantly depending on the locality in which a corporation conducts business. The United States also has a parallel alternative minimum tax (AMT) system, which is generally characterized by a lower tax rate (20%) but a broader tax base.
Source: CNN Money
NEW YORK (CNNMoney) -- On Sunday, the United States gets a distinction no nation wants -- the world's highest corporate tax rate.
Japan, which currently has the highest rate in the world -- a 39.8% rate on business income between national and local taxes -- cuts its rate to 36.8% as of April 1. The U.S. rate stands at 39.2% when both federal and state rates are included.
Source: Obama: Slash corporate tax breaks and rates
NEW YORK (CNNMoney) -- After more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code.
The main proposal for reform would slash the corporate tax rate to 28% from 35% and pay for the reduction by eliminating "dozens" of business tax breaks. There are currently more than 130 on the books.
The Obama administration's plan is in sync with Republicans in terms of wanting to lower the top rate. But Republicans want to lower the corporate rate even further to 25%.
reply to post by charles1952
Imagine how much good we could do this country if we got millions of people off of welfare, food stamps, and unemployment benefits and put them to work repairing crumbling infrastructure, repairing environmental damage, educating children, etc. specific projects would best be left to local authorities to prioritize. When you consider how much money would be saved on other programs, the cost would be much less than it mightt seem on the face of it.