Since all federal taxes are an expense to a corporation, LLC, or “rich” individual, in the end they are paid by the consumer of the products and services they provide.
There is no free lunch here for the “poor” who clamor for increased taxes on the “rich”.
Raise taxes on the “rich” and watch prices of everything rise.
If your ran a casino and you kept talking about
changing how much you were going to rake out of
the winner’s pot, how many players would walk out
the door?
“Since all federal taxes are an expense to a corporation, LLC, or “rich” individual, in the end they are paid by the consumer of the products and services they provide.”
Isn’t it funny how the same sort of people driven mad by the legal fiction that grants free speech rights to corporations are fine with it when it means they can confiscate more money?
“the end they are paid by the consumer of the products and services they provide.”
Actually, this isn’t true. I hear all the time about corporations carrying the cost over to consumers, but that’s not how supply and demand works. Varying with elasticity, most of the cost goes back to the origin of production. Which means: 1) less income for everyone involved in production, and 2) a lower standard of living for consumers denied the product.