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U.S. Tax Rates Compared to the rest of the world–a.k.a “U.S. Corporations are not the evil empire”

Below is a graph showing our tax rates compared to the rest of the industrialized world (taken from Wikipedia):

image


Two things to note:
  • Our personal income taxes are not as bad as some anti-tax zealots would have you believe…they are lower than most.
  • Our corporate rates, however, are horrific.  They are higher than any other industrialized country save Japan.
Lesson to be learned:  it’s easy for politicians to sell lower taxes for individuals.  Much harder to sell lower rates for corporations.  And very easy for liberals to paint corporations as getting off easy (the “big, bad conglomerate” schtick).  However, it’s just not true. 

“Facts are stubborn things.”  - John Adams

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