Let's End this Nightmare: The Corporate Income Tax
Big Think chief Economist Daniel Altman has a suggestion to end this long national nightmare: get rid of the corporate income tax.
Daniel Altman is Big Think's Chief Economist and an adjunct faculty member at New York University's Stern School of Business. Daniel wrote economic commentary for The Economist, The New York Times, and The International Herald Tribune before founding North Yard Economics, a non-profit consulting firm serving developing countries, in 2008. In between, he served as an economic advisor in the British government and wrote four books, most recently Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy.
Tax day is no one's favorite day. But perhaps we can take this opportunity to examine how we can reform one of the most complex tax systems in the world. Big Think chief Economist Daniel Altman has a suggestion to end this long national nightmare: get rid of the corporate income tax.
As Altman points out, "economists to this day don't know who pays it...And that means that we really don't know who's bearing the burden."
In the video below, Altman argues for abolishing this "extremely volatile" tax.
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