2 ms·
Quick google as a service (I do not subscribe to Friedman's opinion) - Who Really Pays Business Taxes? https://www.youtube.com/watch?v=UDqVDw9qfH4 https://www.
by colinjoy 4y ago
Quick google as a service (I do not subscribe to Friedman's opinion)
- Who Really Pays Business Taxes? https://www.youtube.com/watch?v=UDqVDw9qfH4 https://www.youtube.com/watch?v=UDqVDw9qfH4
> The elementary fact is that “business” does not and cannot pay taxes. Only people can pay taxes. Corporate officials may sign the check, but the money that they forward to Internal Revenue comes from the corporation’s employees, customers or stockholders. A corporation is a pure intermediary through which its employees, customers and stockholders cooperate for their mutual benefit.
Newsweek column from 1971-11-29 according to https://www.americanexperiment.org/milton-friedman-on-corporate-taxes/ https://www.americanexperiment.org/milton-friedman-on-corpor...
- cycomanic 4y agoOk thanks, seems like I just suck and googling. I would point out though that including stockholders into that quote makes it very different. I mean to me that is equivalent to the company paying the taxes.
- Cederfjard 4y agoI think the idea is that at the end of the day, the money always come from individuals - that companies aren’t some nebulous, ethereal entities with no connection to real people, and so you should keep those individuals in mind when levying taxes. (I’m personally pro taxes in general, including for corporations).
- f1shy 4y agoThe thing is, sometimes the company can get away with transferring the cost of taxes 1:1 to the consumer. Sometimes yes, sometimes no. In the case of apps, the increment in price will be small (the prices are normally low anyway) so transferring the tax to the buyer is trivial.