>I'm interested in seeing more of the empirical work that Max refers to about
>the incidence of corporate income taxes. I'm not convinced there's a clear
>consensus on the empirical side of things.
Thank you. I was very skeptical of Max's claim, but I don't know the literature, so I couldn't challenge him.
It makes no sense to me that capital bears 100% of the tax. I thought the CBO's compromise of assigning half to labor and half to capital had some appeal, but it's arbitrary. Why can't the burden be passed along in the form of higher prices or lower wages?
Doug