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Wed May 29, 2013, 02:37 PM

LA 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...

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Reply LA Times lies that average effective corporate tax rate is 27% (Original post)
SunSeeker May 2013 OP
HiPointDem May 2013 #1
muriel_volestrangler May 2013 #2
SunSeeker May 2013 #3

Response to SunSeeker (Original post)

Wed May 29, 2013, 03:25 PM

1. kr. democracy doesn't work if people don't get true information.

 

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Response to SunSeeker (Original post)

Wed May 29, 2013, 04:19 PM

2. 12.4% in 2011:

But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journalís recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years.

http://business.time.com/2012/02/06/the-corporate-tax-rate-is-at-its-lowest-in-decades-is-big-business-paying-its-fair-share/

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Response to muriel_volestrangler (Reply #2)

Wed May 29, 2013, 05:07 PM

3. Thanks. Of course, the LA Times offers no links for the 27% figure. nt

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