April 15, 2013

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

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.

Watch here:

Image courtesy of Shutterstock.

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