by the corporate income tax suggest that the cost of raising revenue via a corporate tax may be
more costly and cause more distortions in the economy than a tax on labor income.
The burden of the corporate tax on wages is shared equally across skill-level, suggesting
that the corporate tax may not be as progressive as many politicians assume. Also, as the
economy becomes more global, raising the corporate tax may result in lower than predicted
corporate revenue increases due to the ability of firms to avoid taxes more effectively. This paper
provides empirical evidence that labor’s burden of corporate taxes is large as Harberger (1995)
originally predicted.
22
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