>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:
First of all, as you should know, a corp is a separate entity and it's taxes are an expense. For the sole proprietor, the taxes he must pay are still factored into his cost of doing business. I know this is not the academic/government response, but it is the real world... something the academic/government community is too far removed from to understand.
Larry Miller
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