Corporations pay between 13 and 19 percent in federal taxes—far less than the 35 percent statutory tax rate
- Category: Policy & Analysis
As the GOP push to pass “tax reform” starts to heat up, policymakers will debate whether the corporate tax rate is too high or too low. A standard but misleading talking point for those wishing to give more tax breaks to corporations is that the United States has one of the highest statutory rates in the world at 35 percent. This is...