We currently have 1 false assertion made by Erik Paulsen in our database.
- Member of the U.S. House of Representative from Minnesota's 3rd district (2009-)
- Minnesota House Majority Leader (2003-2007)
- Member of the Minnesota House of Representatives from the 42B district (1995-2009)
Aug 10: World’s Highest Corporate Tax Rate. Makes it harder to compete globally & create good-paying jobs back home #31ReasonsforTaxReformTwitter on
- The US Has the Highest Corporate Tax Rate in the World
The US does have a high statutory rate (up to 35%), but significant deductions and exemptions mean companies actually end up paying a much lower rate; the effective tax rate is about average. Furthermore, while the statutory rate relatively high, it is not the highest in the world; that distinction goes to the United Arab Emirates with rates up to 55%.