Only 4% Of S&P 100 Pays US Statuary Corporate Tax Rate

A cut to the headline rate of corporate tax is the cornerstone of President Trump’s tax reform policy. The US has one of the highest rates of corporation tax at 38.9% (the federal rate combined with average state and local taxes) according to the OECD, compared to an OECD average of 24.1%

[Timekess]

US lawmakers have proposed cutting the corporate tax rate to 20% from 35%, a change that is estimated to reduce federal revenues by $1.5 trillion over the next decade alone but is also expected to unlock billions in additional capital spending from companies every year.

However, there’s one problem with the assumption that the average US company pays tax...