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1StrongBlackMan

(31,849 posts)
6. I, too, hate that talking point; but ...
Mon Apr 9, 2012, 07:16 PM
Apr 2012

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

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