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Corporate taxes have a similar (although not identical) impact; the corporate taxes end up costing three different groups: shareholders due to reduced dividends
by todd8 10y ago
Corporate taxes have a similar (although not identical) impact; the corporate taxes end up costing three different groups: shareholders due to reduced dividends, employees due to reduced wages and bonuses, and consumers due to increased prices for company's products.
Thus corporate taxes tend to have an impact across the entire population, somewhat like VATs, see [1]. I feel like this is why they are popular, it sounds like you are taxing someone else to most people.
[1] http://www.pgpf.org/sites/default/files/0102_tax-rates-full.gif http://www.pgpf.org/sites/default/files/0102_tax-rates-full....
- fu9ar 10y agoThat is because the problem is the ideology of Capitalism working within a consumer market economy.