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re: Gov. John Bel Edwards wants big changes in how LA biz, individuals taxed

Posted on 3/17/17 at 4:19 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37857 posts
Posted on 3/17/17 at 4:19 pm to
quote:

Again the business won't pay the tax the person that receives the goods or services will pay and that is you.


This is true... but that happens with corporate income tax, too. It's just not as transparent.

All corporate taxes are passed on to the end user.
Posted by doubleb
Baton Rouge
Member since Aug 2006
37504 posts
Posted on 3/17/17 at 4:28 pm to
quote:

All corporate taxes are passed on to the end user.


Exactly, and something like this will be worse than a 1% sales tax increase because revenues will be taxed not items.
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