Without overthinking it, which is to say barely thinking at all:
- Team Scholvin, both local and remote
- lazy, tropical vacations
- the point where a woman’s waist just begins to curve outward to her hip
- exercise/gyms/working out
thinks I might have botched the math got a different result, so I’m going to try again. Will advise.
(edit: I ran it again and got the same number, she ran it again and got yet a third answer…PEER REVIEWED MATH IS HARD YO!)
The effective corporate tax rate is far less than 35 percent when depreciation, and tax credits are taken into account. The high of 35 percent is in line with other industrialized nations, while the U.S. is more lenient with deductions.
You’re ignoring the fact that while the nominal corporate tax rate is high, the effective rate after deductions, exemptions, etc. is among the lowest in the first world. I’m on my phone and can’t find the stats but I will look when I get home.
Assuming this is correct, my concept still works. Having a tax that is lower than other industrialized nations will create jobs.
The number one concern with most companies is health care costs. These costs have been rising drastically. Most industrialized countries shift the health care burden off companies, and into the public realm. THAT takes a massive burden off companies.
I support this idea also. WE NEED TO DO ALL OF THE THINGS.
(But again, public health care means increased short term costs in order to achieve long term savings and no politician will vote for something that won’t pay off before the next election.)
According to this recent PWC study of effective tax rates, the US clocks in at 27.7%, or the 6th highest of the industrial nations listed. Top 10:
- Japan 38.8
- Morocco 33.9
- Italy 29.1
- Indonesia 28.1
- Germany 27.9
- United States 27.7
- Mexico 27.2
- Colombia 27.1
- Australia 27.1
- Israel 26.9
So, the effective is less than the statutory (though not a lot) and we are higher on the list than I’d have bet. I stand (or maybe lean) corrected.
But to really prove or disprove Jason’s thesis, which is that lower corporate tax rates necessarily stimulate job creation, what we need to do is correlate these tax rates against the unemployment (or employment) rates in these nations. I would bet that there is no more than a small positive correlation here. I mean, as a single data point, Germany has unemployment of 6.2%, which is way lower than ours, yet their tax rate is a bit higher. Meanwhile, further down the list, Hungary (#49) has only a 13.7% effective tax rate, yet their unemployment is up around 10%.
If I have time and energy after putting the kids to bed tonight and can find some good unemployment data, I may take a shot at finding a Pearson product-moment or at least bang out a scatterplot.
Prokaryotes don’t have mitochondria.
- Discover unflushed childpoop.
- Observe lack of TP in the bowl; harangue childperson (again) about hygiene and the importance of a childpoop-free bottom.
- Flush toilet: CHILDPOOPWATER OVERFLOW.
A kid on his own team came flying in out of nowhere, tried to steal the ball, and they all fell down in a pile as the defenseman easily cleared the ball.
And I never opened for Uriah Heep. I do have some standards.