npub1m0…lphck on Nostr: npub1gl7na…vetls npub1jgn4k…uh2g9 A $10 product with $1 sales tax means the ...
npub1gl7na33thzvreevzc7d23ecvtkasf6p9agy5laerxyut79q4lc0q5vetls (npub1gl7…etls) npub1jgn4kddlf6a2tswmmyl7g4sf4yq93t82xncn7u6xwxs28vgry2sshuh2g9 (npub1jgn…h2g9)
A $10 product with $1 sales tax means the corporation would make $1 less profit then selling the same product for $11 with $0 sales tax and the customer would pay $1 more than the same product for $10 with $0 sales tax
The customer would lose $1 more on the transaction due to the tax and the corporation would make $1 less profit on the transaction through the tax but the government would only gain $1 and not $2 due to the tax
In a sense both buyer & seller pay the tax
A $10 product with $1 sales tax means the corporation would make $1 less profit then selling the same product for $11 with $0 sales tax and the customer would pay $1 more than the same product for $10 with $0 sales tax
The customer would lose $1 more on the transaction due to the tax and the corporation would make $1 less profit on the transaction through the tax but the government would only gain $1 and not $2 due to the tax
In a sense both buyer & seller pay the tax