Most economists agree that some of the burden of the corporate income tax
A)is reduced because the tax is progressive.
B)is shared by the federal government.
C)is reduced because the tax is used to attain a social objective.
D)is passed on to consumers in the form of higher prices.

Question

Quizplus · Accepted Answer

Most economists agree that a significant portion of the burden of corporate income tax is passed on to consumers in the form of higher prices. This is because companies increase the prices of their products to compensate for the additional cost of taxation, which ultimately affects consumers who pay higher prices for goods and services.

Most Economists Agree That Some of the Burden of the Corporate