Corporate Taxes Are Self-defeating | Richard W. Rahn | Cato Institute: Commentary

Corporate Taxes Are Self-defeating | Richard W. Rahn | Cato Institute: Commentary: "From a purely economic standpoint, it makes no sense to tax corporations at all, because only people pay taxes, not legal entities. The corporate tax is paid by customers in terms of higher prices, by suppliers in terms of lower volumes of business, by employees in terms of lower wages and by stockholders in terms of lower returns."