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blago | 1 year ago

> Taxes on corporations, like tariffs, are just passed onto consumers

Never heard this argument before - it sounds very implausible. Do you have any studies or source for that claim?

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pitaj|1 year ago

jquery|1 year ago

According to that, corporate taxes are passed through at a rate of .24. And the pass-thru decreases as there’s more competition and for cheaper goods. In other words it’s a fairly progressive tax. Tariffs are a 100% pass-thru by definition because they’re a sales tax. This hits lower income people the hardest (unless we only tariff luxury goods).