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Old October 16th, 2011, 06:40 AM
mmeyers mmeyers is offline
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Default Effect of 25% Corporate Tax Rate

Quote:
Originally Posted by QFIT View Post
Good. You just keep repeating that companies will pass on taxes with zero evidence or examples.
Because the economy is a complex system based on specialization and trade, those who incur a tax liability are not necessarily the ones who bear the burden of the tax. Theoretical and empirical studies show that the corporate income tax is particularly harmful to economic growth, because the burden falls on all of the economy’s productive resources (workers, capital, and entrepreneurs).[8] This is due to the fact that corporations do not pay taxes—individuals do. Corporations are merely an organizing mechanism for productive resources. The CDA’s simulation shows the powerful effects that lessening this burden can have on the U.S. economy.

Karen A. Campbell, Ph.D., is Policy Analyst in Macroeconomics and John L. Ligon is a Policy Analyst in the Center for Data Analysis at The Heritage Foundation.


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