What they say here is absolutely true:
Unfortunately it’s said in a manner which deliberately misleads. Meaning that it’s fair – because deliberate – to call them lying bastards.
Corporate tax breaks have helped business owners amass inconceivable amounts of money over the past few decades. Meanwhile, middle-class Americans have footed the bill, as Congress has propped up the budget by raising taxes on wages.
No. They are there measuring the corporate income tax. Which is paid by C corporations and only by C corporations.
There is also another type of corporation, the S. Which pays the individual income tax. Which is not included there in their number for the corporate income tax.
Guess what? Fully half the American economy has moved from being a C to an S corporation over the past few decades. Which is why the revenue from the corporate income tax has fallen – but not, necessarily, the tax revenue from the profits of corporations.
Among economists who study taxation this is well known. That would include Mssrs. Saez and Zucman. I don’t, in the least, consider them to be either stupid or ignorant.
But they’re dissimulating in order to mislead – that is, they’re lying bastards.