It is hard to find anything positive to say about the corporate income, or profits, tax. InefficiencyEconomists across the ideological spectrum agree that the corporate profits tax is woefully inefficient:– It warps corporate decision-making, inducing expenditures made only to reduce a company’s tax liability.– The compliance costs are astronomical, often exceeding 60 cents for every dollar of revenue that the government raises from taxing corporate profits. How would you like to spend $6,000 per year calculating that you owe Uncle Sam $10,000?– It fosters overreliance on debt. Corporations often need to borrow money to replace funds that government taxed. In […]

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