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stevengu246 stevengu246
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Posts: 337
A week ago

A study by the Congressional Budget Office (CBO) regarding the corporate income tax included the following statement: "A corporation may write its check to the Internal Revenue Service for payment of the corporate income tax, but the money must come from somewhere..." The comments that followed this statement argued that



corporations pass on some of the burden of the tax to investors in the company, to workers, and to consumers.



the corporate income tax is a reliable source of revenue because corporations cannot avoid paying the tax.



the tax is more progressive than the individual income tax.



it is necessary to retain the tax because it is based on the ability-to-pay principle.

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WooWoo
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Posts: 302
A week ago
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corporations pass on some of the burden of the tax to investors in the company, to workers, and to consumers.

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wrote...
A week ago
Exactly what I needed for my project, TYSM
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