More on Intel's taxes . . .

And for the record (see the next post below) - yes, the U.S. has a high maximum (aka marginal) corporate tax rate. The thing is, once you actually look at the rules for figuring that tax and calculate things like depreciation and other legitimate deductions, the effective tax rate is right in the middle of the pack for modern industrial countries.

But I guess that's the point. The CEO of Intel wants to make the U.S. a third world country.