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Monday, 01/24/2022 11:24:47 AM

Monday, January 24, 2022 11:24:47 AM

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Why pay Escrows after March 6? taxes 47.4_to_56.6 ..."47.4 percent to 56.6 percent."..

https://taxfoundation.org/house-democrats-tax-on-corporate-income/


U.S. Corporate Income Faces Third-Highest Integrated Tax Rate in OECD Under Ways and Means Plan
September 27, 2021


Erica York
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Under the House Ways and Means tax plan, the United States would tax corporate income at the third-highest integrated tax rate among rich nations, averaging 56.6 percent.

The integrated tax rate reflects the two layers of tax that apply to income earned through corporations: the entity-level corporate income tax and the shareholder-level capital gains and qualified dividends tax. The Ways and Means proposal increases the tax on both layers so that the integrated rate would rise from its current level of 47.4 percent to 56.6 percent.

Compared to nations in the Organisation for Economic Co-operation and Development (OECD), only South Korea and Ireland would have higher rates than the U.S., at 59.4 percent and 57.1 percent, respectively. The average integrated rate in the OECD, excluding the United States, is 41.4 percent."...



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