Posts Tagged 'tax rates'

Time was when the United States was No. 1 in numerous economic categories.

Unfortunately, we have traded our swagger in indicators that make us stronger for a tax code that makes us weaker: American companies face the highest statutory corporate income tax rate in the world — 39.1 percent.

According to the Tax Foundation, this overall rate of 39.1 percent is a combination of the 35 percent federal rate plus the average rate levied by U.S. states.

This puts the United States at ...