Taxes played a central role in last night’s presidential debate, as Hillary Clinton and Donald Trump presented contrasting visions for U.S. economic policy. The candidates mentioned taxes over 40 times throughout the...
- Putting a Face on America's Tax Returns: Chart 27
Putting a Face on America's Tax Returns: Chart 27
Key Findings: The United States has the third highest general top marginal corporate income tax rate in the world, at 38.92 percent. Due to the recent reduction in Chad’s corporate tax rate, the U.S. rate is exceeded only by the United...
Key Findings A tax expenditure is a departure from the normal tax code that lowers a taxpayer’s burden, such as an exemption, a deduction, or a credit. The list of tax expenditures in a tax system depends heavily on what one considers...
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