The historical and current belief is that taxes in America are low, compared to the world in general. America is the model of free markets, low regulation, and economic freedom. Right? This is simply not the case, write Terrell Sterling. The United States has high taxes in general and higher corporate taxes in particular.
The only nations who have a higher corporate tax rate than America are Suriname, Pakistan, Togo, Benin, Republic of Congo, Cameroon, Chad, Libya, and Vietnam. No information was available for The Democratic Republic of Congo, Iraq, North Korea, Montenegro, Serbia, or Sudan. I cannot imagine why.
Lower corporate taxes are associated with economic growth. This can be shown a priori and empirically. FULL ARTICLE