Comments on: US Corporate Tax Rates vs. All OECD Countries http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/ Inspire - Improve - Innovate Thu, 06 Oct 2011 06:36:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cracking down on tax loopholes – Who is Sammy Hancock? http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-821 Cracking down on tax loopholes – Who is Sammy Hancock? Mon, 29 Mar 2010 05:11:28 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-821 [...] 1 US Corporate Tax Rates vs. All OECD Countries [...] [...] 1 US Corporate Tax Rates vs. All OECD Countries [...]

]]> By: Chris Banescu http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-558 Chris Banescu Tue, 07 Apr 2009 19:28:52 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-558 LBB, Companies are allowed to deduct their business expenses (write-offs) from their gross revenues to determine their real earnings. That's how every corporation, business, sole-proprietorship, and self-employed individual determines what net earnings they have earned. It would make no sense to tax them on their gross revenues. Often, for quite a few businesses (especially start-ups, mismanaged companies, or during bad economic times) in certain years, their expenses equal or exceed gross revenues. In those years, their real earnings are zero or below zero, therefore they do not pay any corporate tax, and they shouldn't because they did not earn anything. It would be vastly unethical and illogical for them to pay taxes on zero real income. LBB, Companies are allowed to deduct their business expenses (write-offs) from their gross revenues to determine their real earnings. That’s how every corporation, business, sole-proprietorship, and self-employed individual determines what net earnings they have earned. It would make no sense to tax them on their gross revenues.

Often, for quite a few businesses (especially start-ups, mismanaged companies, or during bad economic times) in certain years, their expenses equal or exceed gross revenues. In those years, their real earnings are zero or below zero, therefore they do not pay any corporate tax, and they shouldn’t because they did not earn anything. It would be vastly unethical and illogical for them to pay taxes on zero real income.

]]> By: LBB http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-557 LBB Tue, 07 Apr 2009 19:12:39 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-557 I have a question. Someone told me that US Corps have many writeoffs/loopholes so American corporations do not pay at highest rate ( or second according to your chart) Is there any truth to this? I have a question. Someone told me that US Corps have many writeoffs/loopholes so American corporations do not pay at highest rate ( or second according to your chart) Is there any truth to this?

]]> By: Chris Banescu http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-504 Chris Banescu Sat, 14 Mar 2009 01:49:39 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-504 Thanks for the additional detail "rhg." Your information makes Canada look even better. The OCED data was averaged across all the various businesses and corporations for each country, so the lower rates for some regions and for lower income levels makes sense. Thanks for the additional detail “rhg.” Your information makes Canada look even better. The OCED data was averaged across all the various businesses and corporations for each country, so the lower rates for some regions and for lower income levels makes sense.

]]> By: rhg http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-503 rhg Tue, 10 Mar 2009 04:02:01 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-503 This chart is a bit misleading for Canada, because there are two rates: 1. Small businesses (less than $250,000 in revenue). 2. All other businesses. The small business rate is significantly lower. In addition, each province has a different income tax rate. In British Columbia, for example, the combined rate for small business is well under 20%. This chart is a bit misleading for Canada, because there are two rates:
1. Small businesses (less than $250,000 in revenue).
2. All other businesses.

The small business rate is significantly lower. In addition, each province has a different income tax rate.

In British Columbia, for example, the combined rate for small business is well under 20%.

]]> By: Pierre Gosselin http://chrisbanescu.com/blog/2008/12/us-corporate-tax-rates-vs-all-oecd-countries/comment-page-1/#comment-478 Pierre Gosselin Wed, 04 Mar 2009 09:37:56 +0000 http://chrisbanescu.com/blog/2008/12/30/us-corporate-tax-rates-vs-30-oecd-countries/#comment-478 Wow! I am surprised. After constantly telling the Europeans the US is the place to do business and to enjoy freedom, I feel like I've just stepped in it. And this is before the Obama tax hike? And then there's cap and trade for energy use that will be piled on top of that? Hello mass unemployment! Wow!
I am surprised. After constantly telling the Europeans the US is the place to do business and to enjoy freedom, I feel like I’ve just stepped in it.

And this is before the Obama tax hike?
And then there’s cap and trade for energy use that will be piled on top of that?
Hello mass unemployment!

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