>The embed their taxes and fees in the products and services they sell which means the consumer is the payer. This is only true in some cases, but what actuall

>The embed their taxes and fees in the products and services they sell which means the consumer is the payer. This is only true in some cases, but what actually determines whether the business pays the taxes out of profits or passes it along to consumers are the elasticity of demand and elasticity of supply. In an extreme example, think of a monopoly with large profit margins facing extremely elastic demand; it will have no choice but to pay the bulk of the tax out of profits. I didn't review these links carefully, but it looks like you can learn more at [0], [1], and [2] if you're interested. [0] https://en.wikipedia.org/wiki/Tax_incidence https://en.wikipedia.org/wiki/Tax_incidence [1] https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial/price-elasticity-tutorial/a/elasticity-and-tax-incidence https://www.khanacademy.org/economics-finance-domain/microec... [2] https://www.boundless.com/economics/textbooks/boundless-economics-textbook/taxes-and-public-finance-16/progressive-proportional-and-regressive-taxes-86/tax-incidence-and-elasticity-328-12425/ https://www.boundless.com/economics/textbooks/boundless-econ...