• Skip to primary navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Conservative Deplorables

Making America Great Again - One Story At A Time

Main navigation

  • Home
  • Headlines
  • Featured
  • Politics
  • Pop Culture
  • Viral
  • Contact/Subscribe

February 22, 2016 By Peter Johns

Trump’s Right – Although He’d Prefer Not To Be

0222trump2

Republican presidential candidate Donald J. Trump has put forth almost innumerable wild statements and claims in the campaign for the White House.

As Trump would agree, there are some things you might prefer to NOT be number 1 in.

On several stops on the campaign trail, Trump has said of the United States, “we’re the highest taxed country in the world.” He’s right and it’s killing us!

Among the 34 industrialized nations that comprise the Organization for Economic Cooperation and Development (OECD), the United States of America owns the dubious distinction of having the highest tax rate at 39.1%.

According to the OECD, the United States has the third highest general top marginal corporate income tax rate among 163 nations at 39.1%. It is surpassed by the United Arab Emirates at 55% and Chad at 40%.

The average for all 163 countries and tax jurisdictions is 22.6%, or 30.6% when weighted by gross domestic product. Ten of the 163 countries do not even have a corporate income tax.

It is noteworthy that corporate income tax rates have declined in the past decade across the globe. In 2004, the worldwide average was 29.5%. By 2014, the rate had dropped by 7 percentage points to 22.6%.

The United States, which makes up about 25% of global GDP, has maintained a constant 39.1%. The global average weighted for GDP is 30.6% because the U.S. comprises such a large percentage of GDP.

Taxes in Asia, which has enjoyed dynamic growth during this same period, have had the average top marginal corporate tax rates decline over 10 percentage points from 31.2% in 2004 to 20.8% in 2014.

So why should you or anyone care about any of this?

A country’s tax code and economy determine its attractiveness for investment. As the remainder of the global economies mature and become more attractive due to lower taxes and less regulation, the United States loses its relative competitive advantage because of its higher corporate income tax rate.

It’s elementary, Watson.

h/t TaxFoundation, stats.oecd, crux

Related

Comments

comments

Filed Under: Politics

Reader Interactions

Primary Sidebar

Subscribe To Newsletter and Updates

Latest News

Trump Cancels Trip To London Because Of BAD Obama Deal: Wants No Part Of It!

Trump Cancels Trip To London Because Of BAD Obama Deal: Wants No Part Of It!

Donald Trump canceled plans to visit Britain in February, and is blaming the Obama administration …

[Read More...] about Trump Cancels Trip To London Because Of BAD Obama Deal: Wants No Part Of It!

The View’s Meghan McCain RIPS Fake News Author Michael Wolff’s Bogus Claims [VIDEO]

The View’s Meghan McCain RIPS Fake News Author Michael Wolff’s Bogus Claims [VIDEO]

This Is Why People Hate Journalists Here's a tip for factually challenged anti-Trumpers …

[Read More...] about The View’s Meghan McCain RIPS Fake News Author Michael Wolff’s Bogus Claims [VIDEO]

Harvey Weinstein Gets Slapped In The Face While Dining In Scottsdale AZ

Harvey Weinstein Gets Slapped In The Face While Dining In Scottsdale AZ

How far Harvey Weinstein has fallen.  A haggard-looking Weinstein appeared in a Scottsdale …

[Read More...] about Harvey Weinstein Gets Slapped In The Face While Dining In Scottsdale AZ

Superstar SEAL Scorns Oprah Over Hypocritical Golden Globes ‘Presidential’ Speech

Superstar SEAL Scorns Oprah Over Hypocritical Golden Globes ‘Presidential’ Speech

Not everyone was buying what Oprah Winfrey was selling at Hollywood’s Golden Globes …

[Read More...] about Superstar SEAL Scorns Oprah Over Hypocritical Golden Globes ‘Presidential’ Speech

Trump Creates A ‘Sh*thole’ Storm with Immigration Comments: Tweets ‘Dems Intent on Having People, Drugs Pour Across Border’

Trump Creates A ‘Sh*thole’ Storm with Immigration Comments: Tweets ‘Dems Intent on Having People, Drugs Pour Across Border’

Trump Create A 'Sh*thole' Storm with Immigration Comments: Tweets ‘Dems Intent on Having People, …

[Read More...] about Trump Creates A ‘Sh*thole’ Storm with Immigration Comments: Tweets ‘Dems Intent on Having People, Drugs Pour Across Border’

Stephen Miller Unloads On CNN’s Jake Tapper: Nancy Pelosi Loses It

Stephen Miller Unloads On CNN’s Jake Tapper: Nancy Pelosi Loses It

White House senior policy adviser tore into CNN host Jake Tapper on Sunday; absolutely eviscerating …

[Read More...] about Stephen Miller Unloads On CNN’s Jake Tapper: Nancy Pelosi Loses It

FAKE NEWS Book Author Apologizes For Error That DOESN’T EXIST!

FAKE NEWS Book Author Apologizes For Error That DOESN’T EXIST!

Does Michael Wolff even know what’s in his anti-Trump book?   While cavalierly attempting to …

[Read More...] about FAKE NEWS Book Author Apologizes For Error That DOESN’T EXIST!

British PM is asked when she considers President Trump A Child or a Stable Genius: Liberals FUME

British PM is asked when she considers President Trump A Child or a Stable Genius: Liberals FUME

The BBC thought British Prime Minister Theresa May would trash President Donald Trump; instead, she …

[Read More...] about British PM is asked when she considers President Trump A Child or a Stable Genius: Liberals FUME

Conspiracy: Washington Journalists KNEW Clinton Was Behind Russia Dossier But STAYED SILENT

Conspiracy: Washington Journalists KNEW Clinton Was Behind Russia Dossier But STAYED SILENT

The DC press corps and prominent Washington journalists knew Hillary Clinton paid for the dossier as …

[Read More...] about Conspiracy: Washington Journalists KNEW Clinton Was Behind Russia Dossier But STAYED SILENT

RESIGN: Republican House Members To AG Sessions ‘It’s time for Jeff to go’

RESIGN: Republican House Members To AG Sessions ‘It’s time for Jeff to go’

Two Republican House members are calling on Attorney General Jeff Sessions to resign, and they're …

[Read More...] about RESIGN: Republican House Members To AG Sessions ‘It’s time for Jeff to go’

President Trump: “Dow just crashes through 25,000. Congrats!”

President Trump: “Dow just crashes through 25,000. Congrats!”

Tax reform and a surging economy saw 2017 end on a high note for President Donald Trump and 2018 …

[Read More...] about President Trump: “Dow just crashes through 25,000. Congrats!”

The Sensational Deceit Of White House Book Author Michael Wolff

The Sensational Deceit Of White House Book Author Michael Wolff

As Michael Wolff set the MAGA world on fire with quotes that he claims came from Steve Bannon in his …

[Read More...] about The Sensational Deceit Of White House Book Author Michael Wolff

Footer

Contact Us

Conservative Deplorables
16625 Redmond Way #123
Redmond WA 98052

Privacy and Terms

Welcome to conservativedeplorables.com. If you continue to browse and use this website you are agreeing to comply with and be bound by the following terms and conditions of use

Learn More

About Us

“ConservativeDeplorables.com” is an online news website. It is more than just another website that amalgamates stories that are shared on social media. In addition to publishing current dynamic breaking news and in depth articles that educate, advise, motivate and encourage its readers...

Learn More

Copyright © 2019 ·ConservativeDeplorables.com · all rights reserved · Log in

← VIDEO: Protester Pulls Plug On Trump But Ever The Deal Maker, He Bounces Back Stronger ← VIDEO: What You Can Do NOW To Keep Obama’s Most Devastating Idea From Becoming Reality