But the nature of prices is that companies can’t unilaterally set them. So the impact of corporate taxes does not fall primarily upon customers (except through reducing aftermarket support, etc) but upon variable costs the company can control unilaterally: Workers.

I had that line years ago and it covers what you’re saying.

I’ll do the full math.

1/(1-.24) = 1.31 or 131%
131% of 50,000 is $65,617
this would be our worker’s gross pay without corporate tax
$5,000 plus 15,617 is 20,617

This is an astonishing 41% of his “official” gross income. It is only 31% of his projected income if there were no such thing as a corporate tax siphoning money from his wallet.

I’m personally gobsmacked when I look at things like this and realize how much money the government is plundering from me, my wife, and kids. I’m not the only one. Everyone who works is being plundered too, unless you work for the government. Government workers are on the other side of the plunder without even knowing it. And it’s all because money for Barack Obama’s $7,000 per night hotel room is a higher collective priority than my kids’ shoes or a new dress for their mom.

Ptui!

Then the owners pay capital gains when they sell the stock or receive a dividend.

Since a corporation is a legal fiction, the owners are essentially taxed twice on the earnings of their business. If a corporation pays at the 33% tax rate, the owner pays the 15% capital gains rate, the effect is a 42-45% net tax on business profits.

OUCH!