It is my view that the corporate tax rate should be zero for the exact reasons laid out in this mainstream media report intended, as usual, to make us conclude the opposite of the truth–in this case that corporations should pay more taxes.
Biggest Public Firms Paid Little US Taxes, Study Says
Complex corporate tax law gives rise to just this sort of imbalanced taxation, but more important, it distorts economic behavior and in the end is, of course, paid by us: the employees, customers and shareholders of the corporations, and no one else. Here’s a short article from Americans for Tax Reform that lays this out nicely:
Corporations Don’t Pay Taxes–People Do!
