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The United States pays higher corporate taxes than most other G20 countries, but it's not as high as it looks at first glance. Companies often pay much lower than the rate that is written into law after taking into account deductions, credits and other provisions of the tax code.

Why this matters: One of the GOP's biggest arguments for lowering the corporate tax rate — now likely to go down from 35 to 21 percent in the final tax bill that's being written now — is that it will make the U.S. more competitive internationally. While economists disagree on whether the bill would effectively do this, it is true that rates in the U.S. are comparatively higher than in other countries.

Expand chart
Data: CBO via Tax Foundation. Note: Italy (-23%) is not included in the Marginal effective rate. Chart: Andrew Witherspoon / Axios

What the different rates measure, per the Congressional Budget Office:

  • Statutory rate: The legal tax rate. Federally, the top corporate rate is 35 percent, but with state taxes factored in, the total average rate was 39.1 percent in 2012.
  • Average corporate rate: The total amount of corporate taxes a company pays as a share of its income.
  • Effective marginal rate: A corporation's tax burden on returns from a marginal investment.

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Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

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Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.