https://lewrockwell.com/2017/05/laurence-m-vance/makes-us-poorer/
- Corporations don’t pay taxes; people do. Corporations are owned by shareholders: large pension funds, 401k plans, university and other endowments, and individual investors. The corporate income tax is just another government mandate that raises the cost of doing business—just like the minimum wage, unemployment taxes, the employer share of payroll taxes, health-insurance mandates, family-leave requirements, and government regulations. The corporate tax burden is borne by shareholders through lower dividends and share prices, passed along to consumers through higher prices, and paid by workers in companies in the form of lower wages.
This is my favorite corporate tax talking point. Like George Will likes to say- corporations as tax collectors, not payers.
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