Link: The Paradox of Corporate Taxes in America – NYTimes.com

It’s worth remembering that corporations don’t pay taxes.  Their customers and their owners do and make no mistake that their owners do everything the can to make sure it’s the customers who pay.  In fact, the managers who run the companies on behalf of the owners have a fiduciary obligation to make sure of that.  As for what the economy would benefit from, it seems pretty clear that low, predictable, broad and loophole-free tax systems, whether corporate or individual, make a lot of sense.  Of course, it might put a whole army of tax accountants and tax lawyers and lobbyists out of work.  And wouldn’t that be nice for all the rest of us?