This is one of the biggest fights I have whenever I talk about corporate taxation. No one seems to want to believe that not one single corporation has ever paid one penny in any tax of any kind.
The consumers pay the tax as part of the purchase price. The corporation always passes the tax along, just like any business or any organization.
None of them pay any tax, we pay it all.
The consumers pay the tax as part of the purchase price. The corporation always passes the tax along, just like any business or any organization.
None of them pay any tax, we pay it all.
+1
There is no such thing as a corporate tax.
However, to be 100% fair, to the extent that US Corporations sell goods abroad, some of that "corporate tax" is actually exported to consumers in other countries.
A simple example for the simpletons is to tell them that when California raised the gas tax 12 cents, that the price of gas at the pump went up 12 cents. The gas companies weren’t taxed, the customers were. Any other tax on businesses works the same way. It’s the customers who pay the tax.