Sorry fellas. The comments lay bare in the column by Cecil Bohanon and John Horowitz on Aug. 12 [a] lack of real-world experience [“No corporation is going to pay new tax”]. Your analysis that customers pay the total tax load of businesses leaves out one constant: competition.
I founded, owned and managed an “eat what you kill” business for 48 years. I had to contend with tens of thousands of nationwide competitors. My pricing was constantly compared to two or three other companies on each project.
That’s how business works—unless you’re big pharma.
I paid zero attention to tax rates. It was just day-by-day, month-by-month, year-by-year survival.