The Bipartisan Case for Ending the Corporate Income Tax
2nd January 2015
James Pethokoukis connects the dots.
Taxes on businesses aren’t paid by businesses, they’re paid by their customers — it’s just a roundabout sales tax with the business acting as a conscripted collection agent for the IRS.
No corporate income tax, no million-dollar lobbyists in Washington buying legislators (and their staff) to carve out billion-dollar tax breaks for their cronies … which is the real reason why it will never happen. Nevertheless, people deserve to know the truth, even if they ignore it as they cast their votes for King Putt and the inhabitants of the Democrat Klown Kar.