Assuming that corporations maximize profits, that investors maximize the return to their investments, and that the supply of savings is not perfectly inelastic, in the long run a corporate income tax will:

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In the long run, a corporate income tax can reduce investment as it decreases the after-tax return on investment, leading to less capital accumulation. This reduction in capital can also lead to lower productivity and, consequently, lower wages.

Assuming That Corporations Maximize Profits, That Investors Maximize the Return