[didgeoridoo]

Think on the margins. At zero net investment and holding other expenses constant, each marginal revenue dollar can either go to corporate profit and be taxed at 21%, or go to an employee’s pocket and be taxed at their individual marginal rate. For the highest paid employees, this will be 37%, plus additional taxes for FICA/Medicare (“payroll tax”). Even this ignores the fact that corporations are much better at legally avoiding taxes than natural persons are.