The Tax Foundation says:
In 1996 the Congressional Budget Office reviewed a number of studies examining the efficiency losses associated with the corporate income tax and found that they probably exceed half of corporate receipts
If any profit-seeking corporation that I owned stock in missed an opportunity to save $1 in taxes by wasting 99c, I’d be a bit upset.
Come on, guys, this corporate income tax makes no sense, nor does any other kind of tax on productive labor.