From link: “Some tax experts say that adding the word generally may allow for the manufacturers and importers to pass that same 2.3% tax on to consumers through elevated prices at the retail level. At least one source at a major American manufacturer who asked to remain anonymous because theyre not authorized to speak publicly on the matter said the company will be forced to increase prices.
If our profit margin is 4%, and were hit with an added 2.3% charge by this tax, more than half of our profit is instantly gone, the company source said.”
This a good thing if they can charge it directly on receipts, then it is visible and not hidden. Otherwise prices go up and it looks like the seller is just trying to make more $$$.
posted on 01/05/2013 9:29:07 AM PST
(Fight like Dems, fight to win !)
I wish there was a way of putting the actual amount of corporate tax a product has in its price on the label.
posted on 01/05/2013 10:43:03 AM PST
foolish fr a business to not itemize the taxes on the customers receipts...
i still dont understand why gas stations dont post it on the pump...
posted on 01/05/2013 10:49:13 AM PST
(Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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