Entrepreneurs are among America's greatest resources. These
individuals try to change the status quo because they expect to
use resources to create higher value than those resources are
currently producing. This takes investments, and investments are
risky. The return to these investments is the economic growth
that they create, which is profit. Yet the government often
taxes these profits twice, once at the business level and then
again when the profits are distributed to individuals. This
double taxation not only dampens the incentive to invest, but
also obscures who actually bears the burden of these taxes.
Corporations are often personified and demonized, but a
corporation is a legal entity, not an actual person. Because a
corporation is made up of a group of individuals but is not
actually an individual, corporate taxes are really taxes on the
stakeholders in the corporation. In a U.S. Treasury report,
William Gentry points out that empirical studies show that
employees and consumers really bear the cost