U.S. Corporate Income Tax Not As High As It Seems

The U.S. corporate income tax, considered on an apples to apples basis internationally, isn't as high as it seems when taxes on both corporate taxes and dividends received are considered. Also, under U.S. law, 90% of U.S. businesses aren't subject to this tax, most closely held C corporations can structure their affairs to avoid paying the full burden of these taxes, and even publicly held corporations often find ways to reduce the total tax burden dramatically with tax credits, international tax planning, retention of earnings together with capital gains tax breaks, and so on.