Most of us are aware that America has a punitive corporate tax system, but here’s a sobering bit of analysis. Corporations pay more money to governments than they do to their shareholders.
Here’s a chart from a recent Tax Foundation analysis.
Now here’s something even more important to understand. Corporations don’t actually pay all those taxes.
Yes, they collect the taxes and forward them to various tax authorities, but the burden of business taxes is borne by workers, consumers, and shareholders.
Something to keep in mind as the moochers and looters demand higher taxes on companies.