Corporate taxes have a similar (although not identical) impact; the corporate taxes end up costing three different groups: shareholders due to reduced dividends, employees due to reduced wages and bonuses, and consumers due to increased prices for company's products.
Thus corporate taxes tend to have an impact across the entire population, somewhat like VATs, see [1]. I feel like this is why they are popular, it sounds like you are taxing someone else to most people.
Thus corporate taxes tend to have an impact across the entire population, somewhat like VATs, see [1]. I feel like this is why they are popular, it sounds like you are taxing someone else to most people.
[1] http://www.pgpf.org/sites/default/files/0102_tax-rates-full....