Corporate Taxes

Thanks to <a href="http://montanamainstreetblog.typepad.com/montana_main_street_blog/">Montana Main Street Blog</a> For <a href="http://montanamainstreetblog.typepad.com/montana_main_street_blog/2006/12/us_corporate_ta.html">this one</a>. We see that US <a href="http://www.taxfoundation.org/blog/show/1471.html">corporate tax rates</a> are second highest in the world. In 2000 the US was rated 6th. The US Corporate tax rate hasn't changed as much as other countries has went down.<br />n<br />nThis was all interesting but what I found interesting was the footnote that said the US corporate tax rate was variable by the state you were in. I looked up Montana and with our 6.75% corporate tax rate, a company here in Montana pays taxes of a little over 46% in taxes. Attach that to Montana's high personal income tax rate and we have a reason why big companies don't want to locate here in Montana.<br />n<br />nPretty damn interesting if you ask me.<br />n<br />n<strong>In levying taxes and in shearing sheep it is well to stop when you get down to the skin. Austin O'Malley</strong><br />