The United States has the third-highest corporate profit tax in the world. If the average state tax is added to the federal tax of 35 percent, the U.S. corporate profit tax rate is actually 39 percent. The revenues from corporate taxes in the United States are steadily 2.5 percent of GDP.
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Anders Aslund: Lessons from the EU – slash the US corporate tax
An European flag flies between two American flags on Nov. 20, 2010 in Lisbon.
