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Political Debate Board
Posted On: 08/09/2016 9:46:45 PM
Post# of 65629
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Posted By: fitzkarz
Trump CLAIM: "The United States also has the highest business tax rate among the major industrialized nations of the world, at 35 percent. It's almost 40 percent when you add in taxes at the state level."

THE FACTS: America does have the highest official corporate tax rate of industrialized nations, but it's important to note that businesses do not pay it: A 2011 study by the Congressional Research Service put the effective corporate tax rate at 27.1 percent, slightly lower than the OECD average of 27.7 percent. Taking that number down even more, the Government Accountability Office estimates that most profitable, large businesses pay just 12.6 percent in taxes.

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