Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

At 24.6%, the US had an effective average corporate tax rate somewhat in the middle of the pack in 2019. In 2017, at 37.5%, it was the second highest in the world, so which year you look at is very important.

It's also important to realize that a large portion (~10%) of individual income taxes are actually from pass-through business income.

https://stats.oecd.org/Index.aspx?DataSetCode=CTS_ETR



Isn't 2017 an outlier? Didn't Trump pass a one time law allowing for repatriation of profits at a lower tax rate? That's not sustainable.


TCJA took effect in 2018.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: