The Corporate Income Tax

Who it is that really pays it? Not the company. Some

is paid by the investors in the company, in the form of lower dividends or returns on their investment. But as a working paper from the Congressional Budget Office tells us:

"Burdens are measured in a numerical example by substituting factor shares and output shares that are reasonable for the U.S. economy. Given those values, domestic labor bears slightly more than 70 percent of the burden of the corporate income tax."