Book your ticket to happiness with Sun Express Airlines. This is a

is CBS I on the world with John Bachelor. Here's John Bachelor.

The President's address to the nation's State of the Union included an intention

by the Biden administration to raise the corporate income tax from 21 to 28 percent.

Because I welcome

Veronique to Riji of the Mercata Center writing about this proposal by the

Biden administration. If I recall correctly not too long ago it was at 28%, and then it was lowered to 21%, because

Verenica, a very good evening to you, it's bouncing back and forth.

Corporate tax hikes are something that I've heard talked about

for many decades. The puzzle always for me is who pays the corporate tax hikes?

Who pays for that? Is it the corporations? Who are the

corporations and what about the workers at the corporations? Do they pay for

it too? Good evening to you. Good evening, John.

It's a great question.

There's a big misunderstanding in economics because people tend to think that the person or the entity that writes the check to the IRS is also the one

shouldering the economic burden of the tax and and it's it's not.

it's not.

So for instance in the case of the corporate income tax,

it is the corporation sends the check,

but what we know is like shareholders in in the form of lower

dividend also consumers in the price of in a form of higher prices but also workers in the form of lower wages are the one that are

soldering the economic cost of the tax hike and we by the way, saw the reverse in 2017 when the Trump administration cut the

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