What about Joe Biden’s promise that the next big spending bill won’t cost anyone a dime if they make less than $400,000? All economists think that the corporate income tax is partly paid for by lower wages for workers. The only question is: How much of the cost is born by labor? Larry Kotlikoff and his colleagues, using the most sophisticated model of international financial flows that exists, have concluded that the full burden of the corporate income tax falls on workers. Not just in this country. But in every country. The editorial board of the says they agreed with him.
![Who Pays the Corporate Income Tax?](https://www.goodmaninstitute.org/wp-content/uploads/2021/04/Who-Pays-the-Corporate-Income-Tax.jpg)