Thomas G Shearman Advice on Taxing Corporations
Until fairly recently most Federal Revenues came from Corporate taxes rather than Income Taxes. The clever grifters, operatives and pirates of the 1970s, noted that corporate taxes were levied once, and then recipients had to pay a second tax on their dividends and used that argument to claim that people were being "taxed twice." Since on the face of it that seemed true, congress in it's immense wisdom, greased by lobbyist money, started cutting the corporate tax. But there is another way to look at corporate taxes, and also another way to levy them, and that is what this post is about.