Guest post via Marc to Market.
Biderman on the US corporate taxes.
The Unites States now has the highest corporate income tax globally. Congratulations. Corporate income tax is the worst, most capital and value destroying tax of all types of taxation. And we are the leaders.
To understand why corporate income tax destroys capital over the long term; you need to first to understand that all there is in a corporation are people; nothing other then people managing and working at growing a business. A corporation is just the name of a group of people working together to provide goods and services for sale. This might be a shock to some, but all corporate employees pay income taxes on whatever they make. Similarly shareholders pay taxes on the income they get from a business via distributions. Video below.