[dogma1138]

The federal corporate tax can be up to 35%, which is the highest in the world outside of some literally banana republics.

Delaware has a corporate tax rate of 8.7%, California has 8.84.

So yes no one is incorporating in Delaware becuase of taxes, WA, TX, NV and a few others have zero corporate tax.

[uiri]

WA has business & occupation tax which functions like a corporate income tax but it is levied on revenue rather than profit.

[ericd]

Which is frequently much, much worse for companies than a higher tax on profits. Low margin businesses more than high margin businesses like software.

[rtpg]

Isn't this a misrepresentation of the global state? I think the corporate tax rate in France is 33% of profits, which isn't far from 35%

Not sure how state tax rates interact with the federal one though

[zdkl]

Keep in mind we're the last effectively communist country in the world, I'm not surprised in the least to see corporate taxes up there with the "banana republics" gp was talking about. "Social" money has to come from somewhere!

[lovich]

I don't believe I've ever heard France described as a communist country before

[zdkl]

We have extremely influential labor unions, the public sector is a leading job provider (even a majority employer in some areas), healthcare and a lot of infrastructure is nationalised, huge welfare programs, free public education for all...

But most importantly to the (joke) argument that we're the last communist country there's a massive popular adhesion to the points listed above and for some reason a deep seated mistrust of the wealthy.

[lovich]

I mean, you only have to look at pretty much every wealthy person to see why they would have a mistrust of them. Even guys who are doing good things now, like Bill Gates, didn't get wealthy by acting like nice people.

As for the communist thing, ah I didn't realize it was a joke argument, thought it was a serious one

[dogma1138]

Yes but iirc France has a system of tax credits that reduce the liability for large companies especially. You can deduct 7% from those 33% from the payroll tax credit alone as long as you pay your workers more than the minimum wage.