As The GOP Tries To Re-Write The Tax Code, Remember This Real Corporate Tax Rate
By Doug Cunningham
As Republicans turn their corporate guns on re-writing the tax code to make their wealthy backers even wealthier, the Economic Policy Institute has a dose of reality for you on real corporate tax rates.
Corporations pay between 13 and 19 percent in federal taxes, NOT the statutory rate of 35 percent you will hear Republicans railing against.
EPI says it’s misleading when you hear that the U.S., has one of the highest corporate tax rates in the world. That’s because corporations don’t really pay that 35 percent rate. Their effective rate – the rate they actually pay is between 13 and 19 percent.