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well many people unfortunately do not understand that taxes like this get past on to everyone. most only see the tax on their receipt. embedded taxes are the gr
by Shivetya 9y ago
well many people unfortunately do not understand that taxes like this get past on to everyone. most only see the tax on their receipt. embedded taxes are the greatest tool of the tax collector
- bluecalm 9y agoAnd where do you think money for corporate tax on profits come from?
- thaumasiotes 9y agoRolled into the "price" of the item on the receipt, rather than being itemized like the sales tax is.
- throwaway2048 9y agothis is something that gets thrown around a lot, but its manifestly untrue, if corporations could easily charge more, they would, and they would pocket the difference as profit. Taxes in general reduce profit, they do not increase prices.
- conanbatt 9y agoThe nuance of passing down taxes is that it depends on the elasticity, which generally is about the capacity for the consumer to substitute the goods. If you put a tax on tobacco or alcohol, it definitely gets to the consumer. If you put a tax on pork, then people switch to chicken and the producer gets hit.