How higher corporate taxes hurt working people

[Logos1560]

How Biden's corporate tax hikes will hurt working people (msn.com)

At least a portion of higher taxes on businesses may get passed on to consumers in higher prices for goods or services. Those who make less than $400,000 will still end up helping pay the tax increases.

 

[Reynolds]

How Biden's corporate tax hikes will hurt working people (msn.com)

At least a portion of higher taxes on businesses may get passed on to consumers in higher prices for goods or services. Those who make less than $400,000 will still end up helping pay the tax increases.

Yep. Businesses don't pay taxes. They pass them on to consumers. Simple economics.

 

[RighteousnessTemperance&]

Bottom line, a business cannot stay in business, if it cannot pass costs on to customers. This basic fact should be simple enough for everyone to understand.

But those who have never thought about what it would take to have a business will be easily duped.

 

[Yeshua1]

Yep. Businesses don't pay taxes. They pass them on to consumers. Simple economics.

Michael Douglas had it half right, not that Greed is good, but that the desire to earn and make and keep our gains drives the economy!

 

[Salty]

Bottom line, a business cannot stay in business, if it cannot pass costs on to customers. This basic fact should be simple enough for everyone to understand.

But those who have never thought about what it would take to have a business will be easily duped.

and if a business does not pass on the cost - cannot stay in business - then the workers will be out of a job.