Allyn Skelton commented on Fox’s Eric Bolling Promotes Falsehood About Corporate Taxes
2016-09-22 00:14:23 -0400
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The tax rate is 35% and that rate is applied to taxable income. People try to calculate the “effective” tax rate by dividing current tax by pre-tax book income. Ridiculous. Book income and taxable income are two different things. They do not purport to be the same or to measure the same things.