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Originally Posted by TheAxiom
High in comparison to what? What was the actual effective rate?
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Quote:
Originally Posted by Joekerr
What do you mean re: bolded?
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Quote:
Originally Posted by kscarrol
He means that while the "official" corporate tax rate was much higher, through various deductions the "effective" tax rate, what companies actually paid, was much lower....
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Quote:
Originally Posted by Joekerr
Gotcha. I have no knowledge of the American tax system, so I'm curious. I've always thought of the effective tax rate when I think about a graduated system of tax. Maybe the US has that too corporately, not sure.
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Here is a study listing the rates for the G20 and the OECD:
https://www.sbs.ox.ac.uk/sites/defau...ing-2016_0.pdf
Before the tax cut, we are consistently the worst from the statutory rate, the EATR, and EMTR both now and projected in 2020. This is good news for our country despite the spin others are putting on it for personal political purposes.
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