I’m the Taxman!
Canada has a lower corporate tax rate than the US and yet raises more in taxes from that lower rate.
Here’s a section from the story as it appeared yesterday on the downsizing blog by the CATO institute.
The new budget shows that the Canadian federal 15 percent tax raised 1.9 percent of GDP in revenue in 2012, while the U.S. federal tax at 35 percent raised just 1.6 percent, per CBO.
It’s a two paragraph story with two charts, go check it out.
Posted on March 26, 2013, in No Hope For America, Problems to Ponder and tagged canada, corporate, government, revenue, tax rate, taxes, United States vs Canada, us. Bookmark the permalink. 3 Comments.