Been trying to get this across on blogs for years. Americans are the dumbest box of rocks. They just don't seem to understand that, for example, taxes are raised on a bakery and the cost of a muffin goes up. Who pays the tax. The consumer. THE CONSUMER. NO BUSNESS PAYS TAXES!!!!!
How do we teach Americans that is beyond me.
“THERE IS NO SUCH THING AS A COPORATE TAX!!! Businesses and coporation only collect taxes from their customers.
Been trying to get this across on blogs for years. Americans are the dumbest box of rocks. They just don’t seem to understand that, for example, taxes are raised on a bakery and the cost of a muffin goes up. Who pays the tax. The consumer. THE CONSUMER. NO BUSNESS PAYS TAXES!!!!!
How do we teach Americans that is beyond me. “
If Bakery A gets a special tax break for being minority owned, or is in a special class,,then it’s possible their taxes are lower than than Bakery B who, just for sake of discussion is operated by a white, Christian male. ....Guess who needs to raise their prices MORE just to keep the profit margin the same? Bakery B. Higher prices may lead it to be less competitive...so when you say business pays no taxes, that’s true,,but not all are taxed the same. Bakery A can hold itself out as owned by people who aren’t so interested in the profit, who are more benevolent, etc,,even though the reality is, Bakery A is getting more of a break....
Therefore they can spout that Bakery B is charging HIGHER prices because they are ‘greedy’....and there you go.
Taxes and politics cannot be separated from each other. There is still wiggle room for exploitation, even though businesses do pass the cost along....
The problem is, that no matter where there money ends up coming from (us)it drives industry away from areas with a corporate tax burden to areas with less corporate tax burden.
When they have to pass the cost on to the consumer and the price for a product goes up, people begin to be more discriminating in their choices. They choose to either buy over a border (where that is possible) and where it it not possible, they preferentially buy similar products from another country.
Government, bureaucracy and,yes, “corporate taxes” drive jobs to “other” states and other countries where they can be more cheaply produced.
Add in union costs, local,state and federal bureucratic loading on everything from environmental policies and packaging of products to the types of lightbulbs and toilets that must be used in the facilities, and is it any surprise that industry has been fleeing to other countries?
Until we directly attack those issues, our industrial base will continue to shrink, while that of our foes expands.
To an extent. But it's not always easy for smaller companies to raise their prices enough to cover the cost of increased taxes and regulations - often they just have to eat the difference by hiring fewer employees, delaying expansion plans, or simply ending up with less net income.
What is disturbing in recent decades is the extent to which liberals, when confronted facts like these about the effects of their policies, express the same outright anger and hostility toward small business owners that they used to aim primarily at giant corporations. The belief that "All business owners are crooks!" used to be uncommon in America, but public education has apparently made it the new normal.