There’s a third, hidden, tax in that consumers are forced to pay higher prices because businesses factor in taxes into their pricing strategies.
While it would be hard to sell a zero tax to the general public because most have the economic IQ of dirt, at least you can point to Chile and show what happens to economic growth and personal income when you cut corporate taxes while also reducing the government’s share of GDP. If politicians had the stones to do away with corporate taxes, economic growth here would explode. There would be so many Pacific Rim countries setting up plants here, it would be like the old Oklahoma stampede.
There’s a third, hidden, tax in that consumers are forced to pay higher prices because businesses factor in taxes into their pricing strategies.
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Good observation. I can only add that ANY tax, hidden or direct,is ultimately going to transfer income away from consumers and toward the government. The better conservatives can explain this in their talking points,the more electable they will become.