>I think the main argument for abolishing corporate taxes is that they're inherently regressive, if we assume that the taxes get passed on to either consumers (

>I think the main argument for abolishing corporate taxes is that they're inherently regressive, if we assume that the taxes get passed on to either consumers (who may be poor) in the form of higher prices, or investors (like grandma holding retirement shares) in the form of lower stock prices. You can assume anything you like but in reality, grandma doesn't own the majority of US stocks, the 1% does and the tax incidence doesn't land on consumers it lands almost entirely on shareholders. Sales tax is an example of a tax incidence that lands mostly just on consumers.