Although the United States corporate tax rate is ____%, large corporations like General Electric employ nearly a thousand individuals in the tax department to look for loopholes, breaks, and so on, resulting in an actual tax rate of just ____%.

Question

Quizplus · Accepted Answer

The current corporate tax rate in the United States is 35%. However, large corporations like General Electric have found ways to exploit tax loopholes and use tax breaks to lower their actual tax rate to as low as 2%. Therefore, the best choice is option D, which lists the current corporate tax rate as 35% and the actual tax rate for large corporations like GE as 2%.

Although the United States Corporate Tax Rate Is ____%, Large