Starting Next Month, the U.S. Will Have the Highest Corporate Tax Rate in the World

Via Cousin Bill

On April 1, Japan will cut its corporate tax rate to 36.8 percent from 39.5 percent.

You know what that means, right?

It means the United States will officially have the highest corporate tax rate in the world, with average combined federal and state profit levies of 39.2 percent.

“Yes, that’s higher than Sweden,” The Wall Street Journal reports. “Higher than Russia. And China, Mexico, Denmark and even France. Doesn’t it make you want to break out in a chant: U-S-A, U-S-A?”

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