I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy.
Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big increase in the corporate tax rate. But since I’ve written about corporate tax rates over and over and over again, we’re going to approach this issue is a new way.
I’m going to share five visuals that (hopefully) make a compelling case why higher tax rates on companies would be a big mistake.
Visual #1
One thing every student should learn from an introductory economics class is that corporations don’t actually pay tax. Instead, businesses collect taxes that are actually borne by workers, consumers, and investors.
There’s lots of debate in the profession, of course, about which group bears what share…
View original post 785 more words
Utopia, you are standing in it! 
Recent Comments