[ThinkDifferent]

However, the general consensus among economists is that perhaps a portion of the corporate income tax may be passed on to consumers in the form of higher prices, but that the majority is ultimately paid by corporate owners in the form of lower after-tax profits and by employees in the form of lower compensation.

If this is true, then the NRST won't reduce prices but will increase wages, which is effectively the same thing.

[lewislynn]

If this is true, then the NRST won't reduce prices but will increase wages, which is effectively the same thing.

Or increase profits...which do you think is most likely?...Higher wages for you after your withholding is eliminated giving you the perception of increased pay or higher profits for the company?