George Will on the corporate tax rate

Mr. Ways and Means: Charlie Rangel, Closet Reaganite?

Excerpt:

The [corporate tax] rate actually should be zero, for three reasons: Corporate taxation discourages investment by reducing the return on capital; it is a hidden tax passed along to corporations' customers; it is double taxation because corporate earnings are taxed again as dividends.

Comment: The common perception is that high corporate taxes are good for the economy. But actually no corporation pays taxes, only individuals. Every corporate tax is buried (pushed along into) in the price of the product that a consumer purchases. You don't see it ... but it is there! Additionally corporate taxes encourage lobbying, corruption, and accounting irregularities (think Enron!).