Hummm, at least you qualified your statement, so your thinking a little
more about the concepts. If a corporation passes the tax, or tax
increases, on to the consumer, then what about the business that is not
incorporated, (eg a sole proprietor or partnership), where all income
and expenses are pass through the the individual who pays the tax on
income from his businesses on his form 1040. Are these personal taxes,
or personal tax increases also passed through to the consumer who
purchases good and services from the sole proprietor or partnership, and
if so isn't the individual passing such taxes, or tax increase, back to
himself? It kind of reminds me of the sprint commercial where the CEO
is taking to a junior executive about abusing the company phones:
CEO : -Its my way of sticking it to the man.
Executive: -But you are the man...
CEO: -I know.
Executive: -So your sticking it to yourself.
CEO: -Maybe. LOL
Regards,
LelandJ
richmondeagle /AT/ comcast DOT net wrote:
> The involved explanations of the benign nature of corporate taxation are ample illustrations of academic and government speak. You can go into all kinds of verbal gyrations, but the fact remains that unless the law of supply and demand is in strong opperation in the competitive free market world, an increase in expense (and as was said before, a tax is an expense to a corporation as well as to myself) will cause an increase in price. Hence, corporations do not pay taxes, consumers pay the taxes for them.
>
> Think of it this way, if the corps did not have to pay taxes, in a competitive world, the prices would go down.
>
> Larry Miller
>
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©2007 Leland F. Jackson, CPA |
