US Corporate tax rates highest in the world

I wish Obama's administration and the congress would review our Corporate tax rates, perhaps lower them just a bit to stay competitive and stimulate HIRING. Since most federal revenue comes from individuals anyway, let him do whatever he wants with the 'individual' taxes, just adjust business taxes, and somehow incorporate small businesses that declare as individuals as actual businesses, and at an attractive rate to keep them competative.

Note that Pennsylvania is no. 2.

Ireland is the lowest, and their business climate has exploded in the last decade.

US Corporate Tax Rates vs. All OECD Countries

Comparing US Corporate Tax Rates to 30 OECD Countries (2008)
OECD stands for the international Organisation for Economic Co-operation and Development, an organization of thirty (30) countries that accept the principles of representative democracy and free-market economy.

OECD Overall Rank	Country/State	Federal Rate Adjusted	Top State Corporate Tax Rate	Combined Federal and State Rate (Adjusted) (a)	US Rank
	Iowa	35	12	41.6	1
	Pennsylvania	35	9.99	41.5	2
	Minnesota	35	9.8	41.4	3
	Massachusetts	35	9.5	41.2	4
	Alaska	35	9.4	41.1	5
	New Jersey	35	9.36	41.1	6
	Rhode Island	35	9	40.9	7
	West Virginia	35	9	40.9	8
	Maine	35	8.93	40.8	9
	Vermont	35	8.9	40.8	10
	California	35	8.84	40.7	11
	Delaware	35	8.7	40.7	12
	Indiana	35	8.5	40.5	13
	New Hampshire	35	8.5	40.5	14
	Wisconsin	35	7.9	40.1	15
	Nebraska	35	7.81	40.1	16
	Idaho	35	7.6	39.9	17
	New Mexico	35	7.6	39.9	18
	Connecticut	35	7.5	39.9	19
	New York	35	7.5	39.9	20
	Kansas	35	7.35	39.8	21
	Illinois	35	7.3	39.7	22
	Maryland	35	7	39.6	23
	North Dakota	35	7	39.6	24
1	Japan	30	11.56	39.54
	Arizona	35	6.968	39.5	25
	North Carolina	35	6.9	39.5	26
	Montana	35	6.75	39.4	27
	Oregon	35	6.6	39.3	28
2	United States	35	6.57	39.27
	Arkansas	35	6.5	39.2	29
	Tennessee	35	6.5	39.2	30
	Washington *	35	6.4	39.2	31
	Hawaii	35	6.4	39.2	32
3	Germany	26.38	17	38.9
	Michigan *	35	6	38.9	33
	Georgia	35	6	38.9	34
	Kentucky	35	6	38.9	35
	Oklahoma	35	6	38.9	36
	Virginia	35	6	38.9	37
	Florida	35	5.5	38.6	38
	Louisiana	35	8	38.5	39
	Missouri	35	6.25	38.4	40
	Ohio	35	5.1	38.3	41
	Mississippi	35	5	38.3	42
	South Carolina	35	5	38.3	43
	Utah	35	5	38.3	44
	Colorado	35	4.63	38	45
	Alabama	35	6.5	37.8	46
4	Canada	22.1	14	36.1
	Texas *	35	1.6	36.0	47
	Nevada	35	0	35.0	48
	South Dakota	35	0	35.0	49
	Wyoming	35	0	35.0	50
5	France	34.43	0	34.4
6	Belgium	33.99	0	33.99
7	Italy	33	0	33
8	New Zealand	33	0	33
9	Spain	32.5	0	32.5
10	Luxembourg	22.88	7.5	30.38
11	Australia	30	0	30
12	United Kingdom	30	0	30
13	Mexico	28	0	28
14	Norway	28	0	28
15	Sweden	28	0	28
16	South Korea **	25	2.5	27.5
17	Portugal	25	1.5	26.5
18	Finland	26	0	26
19	Netherlands	25.5	0	25.5
20	Austria	25	0	25
21	Denmark	25	0	25
22	Greece	25	0	25
23	Czech Republic	24	0	24
24	Switzerland	8.50	14.64	21.32
25	Hungary	20	0	20
26	Turkey	20	0	20
27	Poland	19	0	19
28	Slovak Republic	19	0	19
29	Iceland	18	0	18
30	Ireland	12.5	0	12.5
OECD Overall Rank	Country/State	Federal Rate Adjusted	Top State Corporate Tax Rate	Combined Federal and State Rate (Adjusted) (a)	US Rank
*Michigan, Texas and Washington have gross receipts taxes rather than traditional corporate income taxes. For comparison purposes, we converted the gross receipts taxes into an effective CIT rate. See Tax Foundation Notes (link below) for methodology.
** On June 3, 2008, South Korea’s Ministry of Strategy and Finance announced that it will cut the maximum corporate tax rate from 25% to 22% to stimulate economic growth. (Source: Xinhua)
(a) Combined rate adjusted for federal deduction of state taxes paid

Data compiled from: http://www.taxfoundation.org/publications/show/22917.html
Source: OECD, http://www.oecd.org/dataoecd/26/56/33717459.xls