Conservatives claim that income from corporate dividends is “taxed twice” — first when the corporation pays its taxes (if it does pay taxes), and then when the recipient of dividends pays taxes on that income.
They don’t claim, however, that when you pay your plumber the plumber shouldn’t have to pay taxes because you already paid taxes on your income. That’s different, I guess, because you and your plumber both have to work. Income from working has no such considerations of favor.
Debunking conservative talking points on the corporate income taxPublished April 25, 2010 class warfare , economy , taxes Leave a Comment