I'm tired of hearing this fallacy: "If you tax the corporations, then they raise the price of their goods,"
This is completely false. The price of goods is set by what the market will bear based upon supply vs. demand. If a company makes a widget for $10 and the market will pay them $100/widget, that company will charge $100. Corporate taxes do not factor into this price at all. Conversely, if a company makes a widget for $150 and the market will only pay $100/widget, that company cannot charge $200 because the market won't support that price. Again, they must charge $100 and take a loss perhaps hoping they can, with advertising, increase what the market will pay (see airline industry).
Corporate taxes only affect corporate earnings which usually is directly related to the stock price. Increasing coporate earning could cause some corporations to reinvest those earnings back into their companies that could translate into more jobs.
But I don't think it's fair that the LLC who owns the 4 flat across from mine should get a break on paying taxes on the rent they collect compared to me, private schmoe filing a 1040something every year, who has to declare my rent as ordinary income. Therefore, IMHO, corporate taxes should be comparable to income taxes or else people start gaming the tax system and the law of unintended consequences comes into play.
