I don’t think that anyone is fairly or correctly assessing the lowering of the corporate tax rate.
It’s generally acknowledged that “corporations don’t pay taxes; only real people do”. By taxing corporations, “We, The Sheeple” don’t “see” exactly how much tax they are paying on a can of beans.
When you consider the effect of corporate taxes on capital goods (i.e., the truck to deliver the can of beans) or intermediates (i.e., the gas to power the truck to deliver the can of beans), it’s impossible to calculate the true cost of taxes “buried” in the can of beans.
By lowering the corporate tax rate, perhaps that insight will be brought from “behind the curtain”.
Like moving tax day to the day before election day lowering the corporate tax rates is important, I’d like to see more people “see” just how much they are taxed.
Just my humble opinion from a fat old white guy retired injineer who’s now a poor old senior citizen on a fixed income and no expert on “ekky-nomics”.
But I know I’m getting screwed.
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