Has it ever made you wonder why the rich never complain when politicians scream “raise their taxes?” Do you wonder why prices on things keep going up? We’ll make this as simple as we can on this matter.
Recently, President Trump has made his move to lower taxes on the middle class and the poorest while keeping the richest taxes high. Why? Because if you put more “cash” in the pockets of the poor and middle class, they spend more which creates “a wave” of jobs and lowers the unemployment rate. (get’s people back to work)
When the richest (or middle class) go for a job, they figure how much money they need to bring home, then add the taxes they have to pay into what they need to bring home to work for somebody. The taxes they pay, get incorporated into the cost of the product/service they sell. Now when you buy their product/service, your paying their taxes. It’s just that simple.
Here’s some example:
Doctors and hospitals keep rising their fee’s not because they’re greedy, it’s to pay the taxes they are hit with and bring home the money they feel they should make. Who pays for these increases? You.
Crewing gum, in the 60’s and 70’s cost $.01 each. Now the cheapest you can find is maybe $.05 each. Why? Chewing gum hasn’t changed, it’s still made with the same stuff. The only changes are the taxes they are charged. Which you pay for when you buy the gum.
When your supervisor goes to the owner for a raise and get’s the raise, the company just spreads the raise cost to the product/service they sell. The customer may not notice the price increase right of the bat, but when they look back at the cost over a time frame, the realize they’re getting screwed.
In conclusion: The next time you hear some blowhard say “the poor do not pay taxes” scream bullshit! The poor pay everybody’s taxes. Not directly, but in the cost of the product they buy.