In the latest article by your resident economic analysts … they try to make the point that no corporation would pay a minimum alternative corporate income tax [“Cecil Bohanon and John Horowitz: No corporation is going to pay new tax,” Aug. 12]. But they never mention that a C-corporation completes a tax return, then pays the tax owed, which reduces its reported earnings to shareholders.
Their feeble attempt to make the point that this direct tax payment really comes, indirectly, from shareholders, employees and/or customers—but never guessing at who pays that tax proves their silliness. The corporation paid the tax, just as it paid its utility bills, rent, insurance and other normal costs of doing business.
Send them on vacation until they learn to think and write better.