Corporate Taxes Suffocate Growth - Sterling T. Terrell - Mises Institute

"by definition, corporations do not pay taxes — people pay taxes. A corporate tax is either a tax on shareholders of the firm, customers of the firm, or employees of the firm. Less corporate tax means more innovation, capital savings, and spending by these groups — also known as economic growth."

"These are examples of what can be seen. As Frédéric Bastiat reminds us, however, it is imperative to also account for what cannot be seen. What would the wealth of our nation be today if the corporate tax rate had always been 10% or less? What creature comforts would have been innovated? What new technologies brought to market? What diseases cured?"

"Due to a history of high corporate taxes these answers are not known, and we are worse off because of it."

Corporate Taxes Suffocate Growth - Sterling T. Terrell - Mises Institute