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Nope. I would recover the difference by raising personal income or sales taxes. After all, when you tax corporations their customers are the ones who ultimate

by tsotha 13y ago

Nope. I would recover the difference by raising personal income or sales taxes. After all, when you tax corporations their customers are the ones who ultimately pay the tax.

i_s 13y ago
Who "ultimately pays" depends. "...tax incidence or tax burden does not depend on where the revenue is collected, but on the price elasticity of demand and price elasticity of supply." http://en.wikipedia.org/wiki/Tax_incidence http://en.wikipedia.org/wiki/Tax_incidence
- tsotha 13y ago
  That doesn't contradict anything I said.
  - ivanca 13y ago
    And when the clients pay their employees are the ones who ultimately pay the tax; it's a coherent but meaningless analogy.