>> THERE ARE NO CORPORATE TAXES!
Don’t perpetuate that nonsense. Nothing happens in a corporation that isn’t “factored”. Corporations pay taxes. Then again the dividend beneficiaries a second time.
Consumers don’t necessarily suffer the costs of the corporation’s income taxation. But it directly impacts the ability to pay shareholders, hire, grow, R&D, etc.
Corporate taxation feeds the pigs in govt primarily as a cost to the shareholders and company growth.
“But it directly impacts the ability to pay shareholders, hire, grow, R&D, etc.”
And where do those monies come from? The only money a corporation has is the result of what they charge. If they cannot cover the cost of shareholders, employment, growth, R&D, etc. they raise prices and or go out of business. You pay that price when you buy that good or service.
When the minimum wage is raised, does BK eat that cost or is it passed on to the customer? Of course it is passed on as are all costs including taxes. Watch the Friedman video; there are no free lunches.
Why do you understand that taxes feed the beast but prices don’t account for taxation? I shoe horses. If there were a $20 per horse tax, I would not eat that. You would see the cost of shoeing rise more than $20 a head as there are other costs involved in collecting and paying taxes and you the consumer pay for it. There are no corporate or business taxes.