They are creating jobs at a slower rate than the economy, in spite of having precisely this “Goldilocks” tax rate. In at least one year, 100 paid paid no tax at all. From 2008 until 2015, 30 companies paid an effective rate of 6.9%, and eight paid almost nothing. The studies suggest that the tax rate is not tied to job creation. More than 15% of its Washington workforce has been laid off since the big state tax deal was announced in 2013.

Source: The Guardian August 30, 2017 06:56 UTC