General Discussion
In reply to the discussion: Graphic: Who Pays Taxes [View all]bhikkhu
(10,718 posts)...as has been pointed out, corporate taxes are paid for by the proceeds from the sales of products and services, and the higher the taxes, the more the products and services must cost. In effect, corporate taxes are like a sales tax, and sales taxes are fundamentally regressive rather than progressive. A person living near the poverty line spends the majority of his income on products and services. A wealthy person spends much less of his income on products and services. The percentage of total income that a poor person pays in sales taxes is much higher than what a rich person pays, so corporate taxes are paid disproportionately by those who can't really afford it. On the other hand, income taxes are highly progressive, and paid disproportionately by those who can afford it.