Our 35% federal corporate income tax rate is already the second highest among the developed nations.
Or should it be the 35% corporate income tax rate, as suggested by Iowa Sen.
The U.S. already has the second-highest corporate income tax rate in the developed world.
Perry is proposing a 20% corporate income tax rate, while Romney is offering a 25% rate.
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Apple has thus paid a corporate income tax rate of 70% in this most recent reported quarter.
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It may not be a coincidence that Mr. Gingrich chose 12.5% as his proposed corporate income tax rate.
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They stood fast in the face of enormous pressure, and refused to raise their 12.5% corporate income tax rate.
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Why not cut the corporate income tax rate to 20%, or even less?
This is because it calls for the lowest corporate income tax rate, 12.5%.
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The combined U.S. federal and state corporate income tax rate is approximately 40%.
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This is on top of the U.S. corporate income tax rate, which is virtually the highest in the industrialized world.
And a group of conservative House Republicans have proposed cutting the corporate income tax rate from 35 percent to 25 percent.
And I think that this meme of a 9% corporate income tax rate in America is only going to get worse.
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Corporate earnings are already subject to the 35% corporate income tax rate.
All of Western Europe allows for its multinationals to repatriate billions of dollars back home without paying the statutory corporate income tax rate.
By low-hanging fruit, I mean things like a reduction in the corporate income tax rate that would immediately bring home profits and jobs.
She cut the corporate income tax rate from 52% to 35%.
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After Ireland cut its corporate income tax rate from 50% to 12.5% in 1995, its economy averaged a real economic growth rate of 7.4% during the ensuing 10 years.
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The top tax rates of virtually every major federal tax would then soar, except for the corporate income tax rate, which is already virtually the highest in the industrialized world.
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His plan calls for cutting the tax rate from 35% to 25%, but this would merely bring our corporate income tax rate down to the current average for the other OECD nations.
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Now, what the president said is not wrong the 35 percent top statutory U.S. corporate income tax rate (39 percent when you include average state rates) is among the highest in the world.
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All of the countries above the US have a lower corporate income tax rate than the US. Thus the secret to happiness is to have a lower corporate income tax rate.
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As Ireland cut its corporate income tax rate in a series of steps from 50.0% in 1987 to 12.5% in 2003, it increased its average annual real GDP growth rate from 2.3% to 7.9%.
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Unfortunately, after that, the Fed began aerating our monetary water supply to try to compensate for economic pipes that were clogged with what had become the second highest corporate income tax rate in the world.
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This is all on top of the U.S. corporate income tax rate, which counting state corporate rates is nearly 40%, the highest in the world now under President Obama, except for the socialist one party state of Cameroon.
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It may have been reached in Japan, where Prime Minister Keizo Obuchi has cut the top corporate income tax rate from 48% to 41%, the highest individual rate from 65% to 50% and even slightly cut social security taxes.
Cutting the corporate income tax rate by 100% in 2006 would have unleashed a surge of investment in the U.S. It would have provided vastly more supply-side economic stimulus than did cutting the capital gains tax rate by 29% in 1996.
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But with the corporate income tax rate being what it is, the second highest effective tax rate in the world, according to the Organization for Economic Cooperation and Development, or OECD, then companies are doing what is logically sane for them to do.
If multinationals are guaranteed a lower tax rate from the progressive, statutory corporate income tax rate of 35% in exchange for closing tax credits, then small businesses that have enough revenue will either rush to incorporate to get the same benefit now that their tax credits have been removed, or jam their congressional leaders phone lines asking for the same cut to the statutory rate.
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