Oct
02

Tough Taxes

corporate tax rate Compared to 188 other countries and taxing jurisdictions, the US has the third highest corporate tax rate. The highest rate belongs to the United Arab Emirates at 55%, followed by Puerto Rico (a US territory) at 39% and the USA at 38.9% (after including the average state rate). The only large nations with rates close to ours: India at 34.6% and France at 34.4%. The worldwide GDP-weighted-average rate; just 29.5%!

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Comments

  1. Michael Miller says:

    Wouldn’t it be a better comparison to breakdown effective tax rates vs what’s on the books?

    • Elliot says:

      No marginal rates are what is paid on the last dollar and that influences how much you work and save. The effective tax rate, or the average rate, is nice but not nearly as important as the marginal rate.

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