16. March 2011 17:05
I just read this news from Yahoo News.
America to have the highest corporate tax rate in April
The world’s superpower is about to lead the way in yet another realm. Next month, America is set to bear the distinction of having the highest corporate tax rate in the industrialized world.
According to a study by the Tax Foundation, America’s combined federal and state rate of 39.2 percent is only out paced by Japan’s rate of 39.5 percent – which Japan plans to lower next month. Without Japan in the lead, America’s 39.2 percent will render it the corporate tax rate leader in the developed world, aka the countries comprising the Organization for Economic Cooperation and Development (OECD).
Maybe that is the reason so many jobs went or are going abroad and I see so many "house on sale" signs in my community.
What is your feel after reading this news?