3 ms·

And replace it with what? A corporate wealth tax?

• tsotha 13y ago
  Nope. I would recover the difference by raising personal income or sales taxes. After all, when you tax corporations their customers are the ones who ultimately pay the tax.
  • i_s 13y ago
    Who "ultimately pays" depends. "...tax incidence or tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply." http://en.wikipedia.org/wiki/Tax_incidence http://en.wikipedia.org/wiki/Tax_incidence
    • tsotha 13y ago
      That doesn't contradict anything I said.
      • ivanca 13y ago
        And when the clients pay their employees are the ones who ultimately pay the tax; it's a coherent but meaningless analogy.