Did You Know That The United States Will Soon Have The Highest Corporate Taxes?

Believe it or not, the United States is about to have the highest corporate taxes of any other industrialized country. Right now, only Japan has a higher corporate tax rate than the United States. However, that is all about to change very soon.

In less than a week, Japan will be reducing its corporate tax rate to 36.8 percent, while the United States will continue to have corporate taxes of 39.2 percent. This is calculated by combining the current business tax rate of 35 percent with average state taxes of 4.2 percent. It is a curious state of affairs, especially considering that the United States attempts to be an attractive market for corporations.

In addition to Japan, many other countries including China, Russia, Germany, and Canada have lowered their corporate taxes, in response to the current global economic climate. Americans could truly benefit from a reduction of the corporate tax rate. Many companies are unable to provide high pay rates, raises, or bonuses for their employees because of the exorbitant corporate taxes that they have to pay.

The United States prides itself on being first in many things. It is unfortunate that we now must add ‘First in corporate tax rates’ to our list of attributes. Hopefully, President Obama and the other Democrats in office will see reason and reduce our corporate taxes, so American workers can once again go to work with the hopes of receiving fair pay rates, raises, and bonuses.

The Cheapest Place to Live in the U.S.

The United States of America is large in size and rich in diversity, so finding the cheapest place to live in the US may be easier said than done.

Perhaps you are a person who has always dreamed of living in the beautiful country side far away from loud and teeming cities: think Montana.

Maybe your dream is to buy a large, beautiful house on the cheap: think Detroit. A recent count of houses for sale found quality properties as low as $37,000.

How do you find that locality in which you wish to reside? The Internet is your best friend when determining what is important to you. There is most likely an answer online to speak to nearly every question.

Quality of life issues, such as unemployment, violent crime, median income and even more fundamentally important data are reported online. The price of a pint glass of beer: Texarkana, Arkansas, for example, charges $1.50. Allentown, Pennsylvania beats it at $1.25.

How do you make a living in your rural dream locality? Health professionals, for example, have an easy time relocating; other folks may have to use some imaginative and daring planning to find their niche.

Here again, the Internet is invaluable. Online work such as editing or blogging requires excellent grammar and imagination. Retail over the Internet can be highly successful should you recognize trends and present the right product.

If you have a green thumb, you could join a growing trend and raise organic herbs, micro sprouts, mushrooms and specialty greens for restaurants and the public.

The best places to live are a highly subjective matter depending on each person. It can be a scary proposition, leaving a familiar place you’ve grown weary of, and stepping into the vast unknown. It takes imagination and nerve, but should you succeed, you will have accomplished something wonderful and courageous indeed.