Inversions have been in the news consistently this summer as multiple companies have looked for legal paths away from the U.S. corporate tax system. Burger King became the latest corporation to add to the list after they...
- Tax Features March 1998
Tax Features March 1998
Since 1957, Tax Features has been the Tax Foundation’s official bimonthly policy review. Tax Features presents in-depth, semi-technical articles on topical issues in tax policy. Topics covered include: state business tax climates, state tax collections and rates, the effects of tax cuts on individuals and businesses, Tax Freedom Day and more. Tax Features is distributed to thousands of journalists, members of congressional tax writing committees, executive branch agencies, corporate tax managers, state tax officials, university libraries, tax-related nonprofits and academics.
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- The United States has the third highest general top marginal corporate income tax rate in the world at 39.1 percent, exceeded only by Chad and the United Arab Emirates.
- The worldwide average top corporate...
- IRS income data is collected in order to raise revenue as directed by Congress, which means it is not necessarily well-suited for other purposes, like measuring equality in our society.
- The average taxpayer’s...
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