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> the cost just gets passed on as lower worker compensation This applies to payroll taxes, but I don’t think it applies to corporate income taxes. Since corpo
by tanaros 3y ago
> the cost just gets passed on as lower worker compensation
This applies to payroll taxes, but I don’t think it applies to corporate income taxes. Since corporate income taxes are typically levied against profit, not revenue, wages are paid out of “pre-tax” money. A high corporate income tax rate would actually incentivize paying higher wages and/or hiring more employees.