Instead of asking the government to raise taxes on corporations, you should just ask them to raise your taxes directly and cut out the middleman.
Instead of asking the government to raise taxes on corporations, you should just ask them to raise your taxes directly and cut out the middleman.
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I’ve read that corporate taxes - which as you know are passed on to individuals - indirectly add over $3,000 per year per individual in higher taxes.
So when you look at local, state, property, federal taxes you pay - don’t forget to factor in your share of corporate taxes.
All taxes on corporations ultimately fall on individuals. Those individuals may or may not be consumers of the corporation's output. After all, in addition to customers, a corporation has shareholders and employees ...
The exact breakdown of the impact on the company's customers, its shareholders, and its employees is a complicated function of the demand for its products and services. If demand is inelastic i.e., you gotta have the product, and there are no substitutes then the company simply raises prices, and the customers fork it over. If, on the other hand, demand is very elastic, then the company has to eat the added cost, causing shareholders and employees to get less. Most situations are in between, obviously.