tax burdens

[Max Sawicky]

>On the incidence of corporate taxes - I suspect capital wouldn't spend so
much money on think tanks, lobbyists, and PR if they didn't bear at least
some of the cost.>

Me too.  The same would follow to some
degree for the incidence of sales taxes.
There is usually strong business opposition
to increases in these.

There is some evidence that the only way
capital pays any tax is thru the corporate
tax.  Opportunities for legal tax avoidance
under the personal income tax motivate some
analysts to believe that the average rate of
tax on capital in the personal income tax is
zero.

MBS