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Corporate Taxes Are Wealth Taxes

Corporate Taxes Are Wealth Taxes And their decline has led to a steep drop in tax rates for the affluent. Frederick Smith, the chief executive of FedEx, in 2016. FedEx paid no federal corporate income taxes last year.Credit...Eduardo Munoz Alvarez/Agence France-Presse — Getty Images April 8, 2021, 6:43 a.m. ET The main cause of the radical decline in tax rates for very wealthy Americans over the past 75 years isn’t the one that many people would guess. It’s not about lower income taxes (t...
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