Virginia’s Joint Legislative Review and Audit Review Commission (or JLARC), has issued a draft report on the state’s corporate income tax system and found that it’s not really all that much of a burden, raises lots of money, and proposals to get rid of it aren’t exactly wise. Surprising that a government agency would come to such a conclusion? No.

But buried within the report – on page 110, to be precise – is a true gem that captures the essence of the debate over the corporate tax: