Thursday, July 10, 2008

Corporate Taxes

From the Ludwig von Mises Institute:
The main point is this: by definition, corporations do not pay taxes — people pay taxes. A corporate tax is either a tax on shareholders of the firm, customers of the firm, or employees of the firm. Less corporate tax means more innovation, capital savings, and spending by these groups — also known as economic growth.
I think this article sums up the issue quite nicely.

No comments: