Mises Wire

Only Japan

Only Japan

Has a higher corporate tax rate than the US (40%), according to a survey by KPMG International. Communist China and Vietnam check in at 33% and 28%, respectively. Venezuela, under Castro admirer Hugo Chavez, has a 34% rate. Granted, many factors besides this rate should be considered in evaluating the burden of government in any country, but still....shouldn’t we be able to have lower taxes than communists?

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