Corporations don't pay taxes at all. Only people pay taxes. Any
corporation has to recover all of it's costs if it wants to stay in
business. Any tax you assess on a business is a cost to that business, and must
be recovered from it's customers. If a business doesn't recover all
of it's costs, it will soon go out of business.
So why in the study they quoted did they only include 280 out of the 500
companies in the fortune 500? Why not all 500?I am always suspicious
of such studies that try to cherry pick the data to reach the conclusion they
were looking for.
Excellent article. And a great counter to the ridiculous 'cut our taxes
and we'll start hiring' nonsense from the other article on this page.