Thursday, November 13, 2014

What Many Do Not Realize about Businesses and Taxes

What Many Do Not Realize about Businesses and Taxes: "he Tax Foundation has a new report showing just how businesses are doing in today's economy. While political commentators often talk about businesses as if they are their own entities, the report begins by noting that laws that impact businesses ultimately impact people: "[T]he reality is that businesses are simply groups of people; they are workers, consumers, and shareholders." As such, a tax on business is not a tax on some faceless corporate entity, but ultimately a tax on individual citizens, whether it results in lower wages for workers or higher prices for consumers"



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