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While corporations have the legal obligation to collect and pay taxes, only real people can bear the economic burden of the tax. The people who pay the tax are
by pg_bot 8y ago
While corporations have the legal obligation to collect and pay taxes, only real people can bear the economic burden of the tax. The people who pay the tax are principally shareholders and workers of the corporation. It is up for debate how this responsibility is distributed but there is a growing body of evidence that the proportion is skewed towards labor, since capital can move more freely than labor.[0] We should expect to see higher wages for labor in that case which is what you seem to be advocating for.
[0] http://www.taxpolicycenter.org/publications/capital-income-taxation-and-progressivity-global-economy/full http://www.taxpolicycenter.org/publications/capital-income-t...