Consumer spending sank at a 3.5% annual rate, similar to its third-quarter drop, despite a big rise in real after-tax income, thanks to the huge drop in petrol prices.

尽管由于石油价格大减，实际税后收入已较大增长，但消费者开销仍以3.5%的年速率缩减，与第三季度类似。

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The real tax rate on corporate income paid to individuals through capital gains and dividends is not 15%.

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The highest personal income tax rate is 10.55%, a real killer for small businesses, most of which pay the personal income tax.

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After Ireland cut its corporate income tax rate from 50% to 12.5% in 1995, its economy averaged a real economic growth rate of 7.4% during the ensuing 10 years.

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