Those most screwed are the middle class — the poor and the rich are subsidized heavily, often with
negative effective tax rates.
The negative effective tax rates are due to our pre-tax losses in both 2008 and 2009.
Not exact matches
Last year, the company actually had a
tax benefit of $ 358 million, giving it an
effective tax rate of
negative 294 percent.
We suspect that much of the projected growth benefit from corporate
tax reform comes from enacting expensing of equipment, which reduces the entity - level
effective tax rate to zero on equity - financed investment and makes it
negative if financed in part with debt.
This is below our long - term goal of mid-teens EPS growth as a result of the significant
negative impact of weaker international currencies on both gross margin and translated foreign earnings, as well as a higher
effective tax rate.
Note: Italy (not shown) had a
negative corporate
effective tax rate in 2012.
And if it's doing better than an account with a zero
tax rate, it has to have an
effective rate that's
negative.
Congestion charges — whether in London or Stockholm or Singapore — have proven to be among the most
effective and efficient Pigovian
taxes (i.e.,
taxes on
negative externalities) yet created to put a clear and fair price on greenhouse gas emissions.
C corporations did enjoy a much lower
effective tax rate than pass - throughs on debt - financed investments (
negative 6 percent versus positive 8 percent), but guess who tends to own the most heavily debt - financed corporations?