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Yes, it is backwards. But most economists agree that companies should not be taxed. Well, they should be taxed for things like carbon emitted, waste, resource
by mdnahas 5y ago
Yes, it is backwards.
But most economists agree that companies should not be taxed. Well, they should be taxed for things like carbon emitted, waste, resources used, value-added, etc.., but their income and profits shouldn’t be taxed.
Economists see the taxes paid by companies as being paid by their owners. So, if a poor person owns a share and you tax the company, the poor person pays taxes. Better to have the company disperse profits to their owners and then tax the rich owners.
https://www.npr.org/sections/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate https://www.npr.org/sections/money/2012/07/19/157047211/six-...