Private Enterprise

How Not To Help The Poor

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US States Lead the World in High Corporate Tax Rates

TaxProf Blog | Paul L. Caron | Mar. 24, 2008

The Tax Foundation has released U.S. States Lead the World in High Corporate Taxes:
Many states impose state corporate income taxes at rates above the national average of 6.6%. Iowa, for example, imposes the highest corporate tax rate of 12%, followed by Pennsylvania’s 9.99% rate and Minnesota’s 9.8% rate.

When added to the federal rate, these states tax their businesses at rates far in excess of all other OECD countries. When compared to other OECD countries… 24 U.S. states have a combined corporate tax rate higher than top-ranked Japan. Continue Reading »

Life is not a Defined Benefit

Human Events | Star Parker | Nov. 2, 2007

The U.S Comptroller General and head of the GAO, Government Accountability Office, has described the entitlements crisis facing this country as a “tsunami” that approaches while we continue to party on the beach.

What GAO head David Walker is talking about are the massive upcoming obligations under Social Security and Medicare that we have no funds to meet. Tens of trillions of dollars of supposed commitments, promises made to us by our government, that today we have no clue how we’ll pay.

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