It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay no taxes. Quite the opposite.
At the same time, this write-up’s opening line is just a comment that shareholders pay all corporate taxes, which means the actual corporations have already paid taxes in large amounts. Evidence supporting the previous claim can be found in routine statistical analyses from the New York Times that the top 10 percent of American earners own roughly 85% of the shares in U.S. public companies.
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