Paul L. CaronDean
Friday, March 3, 2017
By Paul Caron
Tax Foundation, State Corporate Income Tax Rates and Brackets for 2017
Tax, Think Tank Reports | Permalink
The high taxes must explain why there are no innovative companies in California. . .
Wait a minute . . .
Posted by: Google, Facebook | Mar 5, 2017 9:18:48 AM
I live in California, so I'll pose the following questions for anyone to answer:
1) The high marginal corporate tax rate is not the same as the effective corporate tax rate. What is the effective corporate tax rate in CA?
3) Assuming the effective corporate tax rate is still higher in CA than elsewhere, what direct evidence is there that high taxes *cause* companies to be innovative and profitable? Correlation doesn't count...
3) There are fewer private sector firms in CA today, numerically speaking, than there were 10 years ago, while the population has grown about 1% per year. Why have the number of private sector employers declined?
Posted by: MM | Mar 5, 2017 9:21:07 PM
My marginally profitable company pays way more in tax in TX (margin tax, personal property) than anywhere else...
Posted by: LV | Mar 6, 2017 5:45:31 AM
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