Do Corporations Really Pay Income Taxes?

Question

Not my topic--but I will comment Double taxation of income when it happens is unconscionable. Taxation by sales and property taxes after you paid an income tax is outrageous. The growing self-financing by user fees(like toll roads) is another ripoff. When the Gov't rips you off, how can that be a good model for private for-profit businesses. America is in trouble because the systems of taxation focused on the Middle Class and the profit models of private money are abusive! But that is a tale for another time. This Q is about who pays the corporate income tax.

Answer 1

Yes. The pay  a 35 percent tax on profits as reported to the IRS. However the earning they report to stockholders is  more than their taxable profit on average.

Answer 2

yes. this is how the federal government is funded.  

Answer 3

No, businesses have a tax incedence, but utimatley the burden is passed on to the consumer.  See: Tax Incidence, Tax Burden, and Tax Shifting: Who Really Pays the Tax?     http://www.heritage.org/Research/Taxes/c...

by Stephen J. Entin

Answer 4

Yes..this is what economist call the "double taxation of profits" because workers are taxed on their earnings as well.  The earnings are first taxed when earned than taxed a second time when distributed to stakeholders (workers and stockholders).