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[GMDino]

(06-29-2017, 03:47 PM)TheLeonardLeap Wrote: Meanwhile in reality... 

The US has the highest corporate tax rate in the world while spending a larger % of their GDP on unemployment benefits than the UK, Sweden, Norway, Australia, New Zealand, Japan, Korea, Italy, Greece, etc

Meanwhile in practice:

http://www.politifact.com/punditfact/statements/2014/sep/09/eric-bolling/does-us-have-highest-corporate-tax-rate-free-world/

Quote:The rate in practice

PolitiFact, our sister site, has looked at several variations on Bolling’s claim and ruled them Mostly True almost every time. The reason for the "mostly" qualifier is that companies aren’t actually taxed at the statutory rate.


Tax deductions -- on health insurance, pensions, and investment returns, for example -- allow corporations to reduce the pool of taxable profits. So economists often look at what they call the effective tax rate, which experts have told us is just as valid a measurement of corporate tax rates as the statutory rate.


But whereas the statutory rate is relatively straightforward and uncontroversial, different, reputable organizations have published very different estimates of the effective tax rate that corporations pay.


The most recent estimate comes from the World Bank and International Finance Commission, which put the United States’ effective rate for 2014 at 27.9 percent. That’s second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured.


In 2011, the Tax Foundation published a survey of 13 prior estimates of the United States’ effective tax rate from 2005 to 2011. All 13 studies pegged the U.S.’s rate as above average, but none had the U.S. rate first overall.
Another 2011 study by the Congressional Research Service put the U.S. effective rate at 27.1 percent, slightly lower than the OECD average of 27.7 percent.

I'd look into the second part but didn't see where that was listed anywhere.