Companies don't pay taxes it's the shareholders and the employees who pay taxes. You're dead wrong. The corporate tax is 35% at the federal level and anywhere

Companies don't pay taxes it's the shareholders and the employees who pay taxes. You're dead wrong. The corporate tax is 35% at the federal level and anywhere from 1-12% at the state level. Reductions in corporate taxes increase the net income available to shareholders. One easy way for under-levered companies to increase profits for shareholders is to go borrow a bunch of debt (interest expense is deductible). As a sidenote, Minsky thought eliminating corporate taxes might increase economic stability because it would remove the incentive for corps to increase leverage in order to minimize taxes. You might be thinking of a REIT or a MLP where taxable income is passed through to the partners.