Replies to post #452147 on Fannie Mae (FNMA)

[Cubshawk]

contrarian bull: That document was giving figures for "statutory tax rate", which is a trick used by those promoting lower taxes. Very few companies pay that rate (although a few do).

The US effective tax rate before the recent tax cut was around 21%, which put us in the middle of the pack for similar economies. Now we're well below average.

A 25% statutory rate would still keep the US well below most other countries for effective tax rate. It's kind of below what I would call a "moderate" rate.

As of 2012 the CBO states the effective corporate tax rate for the US was 29%. It's the third highest in the G20 - only lower than Argentina and Indonesia.

https://taxfoundation.org/cbo-report-compares-us-corporate-tax-g20/

And the link below summarizes and discusses six different studies on effective corporate tax rates - all of conclude the US at the high end of the scale and all show the US effective rate to be 28% or more (except NBER’s Comparison of Adjusted Book Effective Tax Rates shows it at 21% - a figure than is second highest among the countries and regions studied. But without their adjustments this study also concluded US effective rate over 28%).

http://www.actontaxreform.com/wp-content/uploads/2016/09/International-Comparison-of-Effective-Corporate-Tax-Rates_FINAL_20160926.pdf