Trump says the U.S. has the highest tax rates in the world. He’s very wrong.
By Kira Lerner and Laurel Raymond
During the second presidential debate, Donald Trump falsely claimed that citizens of the United States pay the highest taxes in the world.
The remark came in response to a question what specific tax provisions the candidates would change to make sure the wealthy pay their fair share.
The U.S. is not the highest taxed nation in the world. Trump has repeated this claim several times, and three times, Politifact has debunked it.
To assess the general tax rate, the fact-checking site compared the United States to 33 other industrialized nations and found that contrary to Trump’s claims, taxation rates in the US “actually [place] “near the bottom or around the middle of the pack.”
Trump’s statement is marginally more true when you get to the specifics of corporate taxes: It is true that the U.S. nominally has one of the highest corporate tax rates in the world. However, in practical terms, companies actually end up paying less because of deductions and inclusions, so in reality, the actual tax burden on U.S. companies is “far from the highest in the world” according to Politifact.
“By all metrics we looked at, the United States is far from the most taxed nation overall and for businesses,” the site concluded.
Trump says the U.S. has the highest tax rates in the world. He’s very wrong. was originally published in ThinkProgress on Medium, where people are continuing the conversation by highlighting and responding to this story.