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Corporate taxation compared to other countries

Here is an interesting fact from the National Taxpayers Union...the United States has a higher corporate tax rate than Cuba, China, the UK, Russia and a few other socialist nations.

As the NTU notes, "Something is very, very wrong when the U.S. has higher tax rates than two Communist countries and a host of Socialist nations."

I agree. But such is the myth of corporate income tax. Corporations do not pay taxes, only individuals pay taxes. The "tax" is passed along all the way to the consumer.