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re: Corporate income tax is borne primarily by labor and workers, research shows.
Posted on 11/8/17 at 1:43 pm to HailHailtoMichigan!
Posted on 11/8/17 at 1:43 pm to HailHailtoMichigan!
I think you are overstating what that article argues to the point of contradicting yourself.
How could the above be correct if:
instead of 100%?
From the article, where it refers to the current state of the body of literature:
It sounds like this guy is saying that corporations in fact pay a significant chunk, rather than it all being passed down, as the first quote above (by you) implies.
quote:
Corporations do not pay taxes. They collect them.
How could the above be correct if:
quote:
labor, through reduced wages, pay 45-75%
instead of 100%?
From the article, where it refers to the current state of the body of literature:
quote:
Correcting for the overstatement, and assuming such returns determine incidence, implies a business tax incidence that is roughly split 50-50 between capital and labor, more in line with the empirical literature.
It sounds like this guy is saying that corporations in fact pay a significant chunk, rather than it all being passed down, as the first quote above (by you) implies.
This post was edited on 11/8/17 at 1:45 pm
Posted on 11/8/17 at 1:59 pm to 90proofprofessional
Regardless of whether the tax is paid by labor or by shareholders, it is ultimately coming out of the pockets of somebody else.
Posted on 11/8/17 at 5:12 pm to 90proofprofessional
quote:
I think you are overstating what that article argues to the point of contradicting yourself.
quote:
Corporations do not pay taxes. They collect them.
How could the above be correct if:
quote:
labor, through reduced wages, pay 45-75%
instead of 100%?
I'm somewhat interested in this. I took a quick glance at the Tax Foundation report and noticed they were citing some well-known papers. Though, what I'm more interested in is how they parsed out the effects.
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