American Corporations pay the HIGHEST TAXES in the world...liberals, how is that "Corporate Welfare"?

http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/2009/03/us_companies_pay_the_highest_t.html It may come as a surprise that US companies pay the highest taxes in the world. Yes, you read that right. American businesses, large and small and across all industries pay from 35% to 41.6% of their income in combined state and federal taxes. The 41.6% maximum rate is scheduled to rise to 46.2% in 2010 when President Obama's promised tax increases are implemented. Compare that to socialist France where companies pay only 34.4% in taxes, to China where the rate is 25%, or Russia which levies a mere 24%. Corporations in Ireland, Europe's fastest growing economy for the last 18 years, pay just 12.5% in taxes.

Public Comments

I'm an accountant for a corporation the loopholes that the corp uses has them actually paying some of the lowest taxes in the world see the problem
It isn't welfare. Dems ignore facts. RLP, but Republicans like us ignore how people pay lower income taxes in the US. Someone has to pay for programs... either corporations or individuals. Should Obama raise taxes on workers to the levels seen in Europe in order to cut corporate taxes?
We should move to workers paradise of Russia or China?
When they slide past those taxes with loopholes and other things, THAT'S CORPORATE WELFARE.
U.S. companies have a high tax rate, but they don't really pay that rate. Example: Goldman Sachs just reported that last year, it paid an effective tax rate of only 1%. And Goldman Sachs took $10 billion from the TARP! Why? Because they route all their money through offshore tax havens like the Cayman Islands. To understand the amount of taxes that corporations REALLY pay, you have to get beyond the rate that's printed in the IRS brochure. You have to look at what's really going on. In fact, according to the IRS, 3/4 of all corporations pay no income taxes at all.
Corporations pay no taxes, people pay their taxes.
Sweetheart, in case you haven't noticed, Europe is currently in a world of hurt. So I wouldn't go bragging about their low corporate tax rates. Even if I had to go back 20 years to support my lie. Reagan increased tax revenue by eliminating corporate loop holes. We practice socialism of cost and loss in the USA. We only practice capitalism when it comes to profits. We are the biggest corporate welfare state in the world.
People wonder why so many corporations flee this country. We are not corporate friendly.... I'd love to know what "loopholes" that corporate accountant is talking about. Is it really a "loophole" if it is legal?
Untrue propaganda.
this is misinformation, nominal rate and effective rate are two different things. Billions to Exxon is corporate welfare.
That type thinking looks good on paper, but in actuality, after all the loopholes are used, most companies pay way less in taxes.
You leave out the individual tax rates in those countries for the shareholders receiving dividends or salaries from those same corporations overseas, and by doing so create a very false impression.
American corporate CEOs also make more money than any other CEO in the world, meaning they have the means to pay for those increased taxes. Would you rather that you and I made up the difference in taxation if we were to lower taxes on businesses? If so then I guess you'd rather have less money in your pocket so that your boss could have more money in his/her pocket.
There is a big difference between being Taxed and paying Tax. I'm not suggesting all Corporations work to evade Tax; but most do not have a model citizen reputation. I really liked this http://www.pbs.org/wgbh/pages/frontline/shows/tax/
That is the tax rate. How much do they pay and how much do they get back in subsidies and bailouts?
no matter how you try RLP, you will not be able to convince the left on the above. they just don't get it. and let me make some points here, corporations don't pay taxes...they just push it off to the consumer, but you are right about the rates...we have the highest of the industrialized world. now for some of the comments here about loopholes to get out of the taxes, well, so be it, and i stand behind them 1000%. added note...the comments here are nothing more than wealth envy...and a trampling on of the founding fathers thinking!!!
So true. & yet, these "smart" men in control don't follow the basic tenets to improve an economy. makes me wonder what their REAL agenda is.
JimW said it best, I couldn't add a thing to his remarks.
Its not and even the libs have a difficult time explaining their way around this
It isn't " Corporate Welfare " . I recalled reading previously that Ireland does have one of the lowest corporate tax rates in the world and America has one of the highest. Additionally; other Countries such as China, Mexico and India offer a cheaper source of labor too. All of the above is one of the primary reasons why so many American businesses have outsourced all or some of their business to other Countries or even moved their entire Corporations to other Countries, Obama's plan to increase corporate taxes in America will only magnify this problem. What Obama fails to comprehend is that when these Corporations move all or part of their business to other Countries........They take American Jobs with them. Conversely when American Corporate Tax rates are lower American Corporations are healthier, produce more, expand more and...........require more American workers to fill these needs. Obama just doesn't get it.