Face the Facts USA: Ask for the corporate rate. Or not.

Each day in the 100 days leading up to Election Day, the York Daily Record and Face the Facts USA will be partnering to bring you one exhaustively researched and vetted, non-partisan fact about a major issue facing our nation.

Here’s a look at the 100 days of facts so far.

Fact: The United States has the world’s highest corporate tax rate at up to 35 percent. Japan recently lowered its corporate tax rate to 30 percent, and some US companies are moving operations to countries with lower rates such as Ireland, where the corporate tax rate is 12.5 percent. The US collected $204.9 billion in corporate income tax in 2009 from 5.8 million corporations, down from $228 billion the year before.

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One Response to Face the Facts USA: Ask for the corporate rate. Or not.

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