The Real Drag on the U.S. Economy
15th September 2017
Corporations do not pay taxes. They merely collect taxes and pass the money on to the government; the taxes are paid by their customers in the form of higher prices. Low Information Voters don’t see this sleight-of-hand because they are dimwitted. The correct ‘corporate tax rate’ is zero.
To the extent that corporations have to collect taxes for the government, it raises the bar for achieving a successful business, because not only do they have to cover their actual costs but they have to pay the protection money imposed by government. Governments just love these Invisible Taxes; that’s why the VAT is so popular in Europe.