It’s a government document so incendiary that the feds have tried to suppress it. They’ve purged it from their websites and disavowed its claims.
And it’s a document that matters if you’re trying to game out whether (and how much) enormous corporate tax cuts will trickle down to workers.
See, prior to 2008, whenever Treasury crunched the numbers on this subject, staffers assumed that corporate income taxes were borne only by owners of capital. That is: shareholders.
But toward the end of the George W. Bush administration, the non-political career people in Treasury’s Office of Tax Analysis, a sort of internal think tank, began developing a new model taking into account newer research.