Per wiki, 35% + up to 12% of State&#x2F;Local income tax; less any foreign tax already paid (as tax credit); less any other deductions and credits. Per <a href="http:&#x2F;&#x2F;www.politifact.com&#x2F;punditfact&#x2F;statements&#x2F;2014&#x2F;sep&#x2F;09&#x2F;eric-bolling&#x2F;does-us-have-highest-corporate-tax-rate-free-world&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.politifact.com&#x2F;punditfact&#x2F;statements&#x2F;2014&#x2F;sep&#x2F;09&#x2F;...</a>, the reality is more nuanced. The World Bank and International Finance Commission puts the United States’ effective rate for 2014 at 27.9 percent.<p>It should be noted that value-added-taxes (VAT) seem to go from about 10 to 20 percent. The US doesn&#x27;t do VAT; it&#x27;s largely state and local sales taxes where applicable, generally less than 10 percent.