Obama Speaks Out Against High Taxes In Ghana, Africa
Here’s some wisdom President Obama imparted to the folks of Ghana:
No business wants to invest in a place where the government skims 20 percent off the top.
For the record, the current average corporate tax rate for combined state and federal taxes is 39.3%. That’s a rate second only to Japan’s, though it’s worth noting that a full 24 states have a combined state and federal corporate income tax rate that’s higher than Japan’s.
Anyway, perhaps we can convince Obama that’s what’s good for Ghana is good for America. Here, we wish the government was only skimming 20% off the top.
