Ending the Corporate Tax | Cato Institute

Ending the Corporate Tax | Cato Institute: "The organization’s bureaucrats, who enjoy tax-free salaries, of course, forgot to ask the basic question of whether the corporate tax is beneficial or destructive."

"A corporation is only a legal means by which to do business. Taxes may be levied upon it, but only people pay taxes."

"Most studies show that some part of the corporate tax is passed on to workers in the form of lower wages and benefits."

"most large corporations are owned mainly by pension and mutual funds, university endowments, etc. The union-managed pension funds for firefighters, teachers and others are largely in corporate stocks. When union leaders call for higher corporate taxes, whether or not they understand it, it is a call for reduced pensions for their own members."