(via Balloon Juice.)
Taxes are killing us.: The US at 26.1% pays less tax than any other industrialized country except Japan at 25.8%. Sweden is at 50.2%, the UK at 35.8%, and Spain at 35.5%, for example. BTW each of these three countries had higher growth (average per capita growth 1995 - 2005) than we did. 2.5%, 2.4% and 3.1% resp. compared to our 2.1%. Also Japan's was 1% growth.
Frank Ahrens: But did you know our corporate tax rate is among the highest in the world? That makes a real difference if you're a business and you're thinking about locating in the U.S. or, say, India.
But did you know our corporate tax rate is among the highest in the world?: Dead wrong. Our nominal tax rate of 35% is among the highest, but because of loopholes our real tax rate of 18% is among the lowest real corporate tax rates.
Frank Ahrens: Back atcha.