The Mysterious Incidence Of The Corporate Income Tax | ThinkProgress

 

Yesterday Mitt Romney offered the strange turn of phrase that “corporations are people” to try to express the point that when you increase the corporate income tax, the extra tax burden ultimate falls on human beings. The point is clearly true. If GE paid more taxes, some concrete people would have less money. But which people? The short answer is that nobody knows and the results seem wildly contingent on modeling assumptions.

The Mysterious Incidence Of The Corporate Income Tax | ThinkProgress

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