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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLA Times lies that average effective corporate tax rate is 27%
Last edited Wed May 29, 2013, 09:31 PM - Edit history (1)
In a particularly creepy article by Jim Puzzanghera, entitled "Quiz: Do U.S. corporations pay too little in taxes?" Puzzanghera invites readers to take a "quiz" that could have been written be a Koch brother.
http://www.latimes.com/business/money/la-fi-mo-quiz-corporate-tax-quiz-20130528,0,3937955.story
It is basically designed to tell you that U.S. corporations are the most taxed in the developed world (that is the 1st question!). Then, to prove it, they lie. Question #4 asks "What is the average effective tax rate for U.S. corporations?" The choices are: 17%, 22%, 27%, or 32%. As any Google search would tell you ALL of those choices are wrong. It is 13.4% at best. The U. S. corporate tax burden is smaller than average for developed countries. http://www.cbpp.org/cms/?fa=view&id=784. But the LA Times says you'd be wrong if you picked anything other than 27%.
Looks like Rupert Murdoch already bought the paper...
HiPointDem
(20,729 posts)muriel_volestrangler
(101,311 posts)http://business.time.com/2012/02/06/the-corporate-tax-rate-is-at-its-lowest-in-decades-is-big-business-paying-its-fair-share/