La Cucaracha by Lalo Alcaraz for April 10, 2012
April 09, 2012
April 11, 2012
Transcript:
Peludo Arms Sign: Car elevator has been canceled Eddie: Cuco- I need the rent money. Cuco: Oh, shoot. I'm waiting for my new business to take off. Eddie: You've got a business that needs to take off? Cuco: Yes! "Taco-drone."
No, United Arab Emirates and Japan both have higher corporate tax rates than the US. But in any case the rate is not the whole story. No one, individual or corporation, pays tax at their “tax rate.” You don’t, I don’t. The AVERAGE corporate tax rate, due to – well, let;s just say loopholes – is about 12.1% (on profits, not income). And many LARGE corporations pay NO taxes, or have turned taxation into an income-producing activity, such as GE, Verizon, Boeing, just for examples.