Comments on: Who Really Pays Business Taxes? http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/ Wed, 19 Nov 2008 12:26:46 +0000 http://wordpress.org/?v=2.6.3 By: Carnival of Personal Finance » I’m a Little Late, But Interesting Things From Edition #94 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-5243 Carnival of Personal Finance » I’m a Little Late, But Interesting Things From Edition #94 Tue, 10 Apr 2007 06:10:40 +0000 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-5243 [...] Who Really Pays Business Taxes? [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('5243','Carnival of Personal Finance &raquo; I&#8217;m a Little Late, But Interesting Things From Edition #94'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('5243','Carnival of Personal Finance &raquo; I&#8217;m a Little Late, But Interesting Things From Edition #94','&#91;...&#93; Who Really Pays Business Taxes? &#91;...&#93;'); return false;">Quote</a></div> [...] Who Really Pays Business Taxes? [...]
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]]> By: Kirk Walsh http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-5000 Kirk Walsh Thu, 05 Apr 2007 16:57:51 +0000 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-5000 Jim, Thanks for the comment! I'm working on a longer form post on the Illinois tax specifically. Basically, the Governor is hoping that out of state companies (that don't have his tax built into their cost base) will regulate the in state company prices that are suffering under the tax. Your dry cleaning example is an excellent one. They will pass on their cost because people aren't going to drive five miles out of their way to save 2% (assuming businesses don't use the tax as an excuse to raise prices further). The Chicago area is already an expensive place to live and adding 2% on every transaction won't make it any cheaper. I really hope that the Legislature takes a long look at this. I'm all for rational taxation, but this goes way beyond the pale.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('5000','Kirk Walsh'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('5000','Kirk Walsh','Jim, \r\n\r\nThanks for the comment! I\'m working on a longer form post on the Illinois tax specifically. Basically, the Governor is hoping that out of state companies (that don\'t have his tax built into their cost base) will regulate the in state company prices that are suffering under the tax. \r\n\r\nYour dry cleaning example is an excellent one. They will pass on their cost because people aren\'t going to drive five miles out of their way to save 2% (assuming businesses don\'t use the tax as an excuse to raise prices further). The Chicago area is already an expensive place to live and adding 2% on every transaction won\'t make it any cheaper. \r\n\r\nI really hope that the Legislature takes a long look at this. I\'m all for rational taxation, but this goes way beyond the pale.'); return false;">Quote</a></div> Jim,

Thanks for the comment! I’m working on a longer form post on the Illinois tax specifically. Basically, the Governor is hoping that out of state companies (that don’t have his tax built into their cost base) will regulate the in state company prices that are suffering under the tax.

Your dry cleaning example is an excellent one. They will pass on their cost because people aren’t going to drive five miles out of their way to save 2% (assuming businesses don’t use the tax as an excuse to raise prices further). The Chicago area is already an expensive place to live and adding 2% on every transaction won’t make it any cheaper.

I really hope that the Legislature takes a long look at this. I’m all for rational taxation, but this goes way beyond the pale.

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]]> By: Jim Sengenberger http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4987 Jim Sengenberger Thu, 05 Apr 2007 05:47:09 +0000 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4987 The Governor claims businesses will not pass on the tax to consumers because market pressures will force them to maintain their current prices. However, it is reasonable to assume that if you apply the tax to every dry clearner in the state, they can all raise their rates accordingly without fear of loosing business to any other dry cleaner in the state.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('4987','Jim Sengenberger'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('4987','Jim Sengenberger','The Governor claims businesses will not pass on the tax to consumers because market pressures will force them to maintain their current prices. However, it is reasonable to assume that if you apply the tax to every dry clearner in the state, they can all raise their rates accordingly without fear of loosing business to any other dry cleaner in the state.'); return false;">Quote</a></div> The Governor claims businesses will not pass on the tax to consumers because market pressures will force them to maintain their current prices. However, it is reasonable to assume that if you apply the tax to every dry clearner in the state, they can all raise their rates accordingly without fear of loosing business to any other dry cleaner in the state.
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]]> By: Don't Mess With Taxes http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4780 Don't Mess With Taxes Mon, 02 Apr 2007 16:38:59 +0000 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4780 <strong>Tax Carnival #15: Avoiding foolish tax mistakes...</strong> Welcome to the April 2 edition of Carnival of Taxes. We're a day removed from April Fools' Day, but we're going to keep a bit of the theme. This 15th Carnival of Taxes aims to keep you from making foolish tax mistakes. Let's start with a post that ...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('4780','Don\'t Mess With Taxes'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('4780','Don\'t Mess With Taxes','<strong>Tax Carnival #15: Avoiding foolish tax mistakes...<\/strong>\n\nWelcome to the April 2 edition of Carnival of Taxes. We\'re a day removed from April Fools\' Day, but we\'re going to keep a bit of the theme. This 15th Carnival of Taxes aims to keep you from making foolish tax mistakes. Let\'s start with a post that ...'); return false;">Quote</a></div> Tax Carnival #15: Avoiding foolish tax mistakes…

Welcome to the April 2 edition of Carnival of Taxes. We’re a day removed from April Fools’ Day, but we’re going to keep a bit of the theme. This 15th Carnival of Taxes aims to keep you from making foolish tax mistakes. Let’s start with a post that …

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]]> By: No Credit Needed » Blog Archive » Carnival of Personal Finance #94 Hosted By No Credit Needed http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4744 No Credit Needed » Blog Archive » Carnival of Personal Finance #94 Hosted By No Credit Needed Mon, 02 Apr 2007 11:25:44 +0000 http://www.kirkwalsh.com/blog/2007/03/27/the-politics-and-economics-of-business-taxation/#comment-4744 [...] Kirk Walsh Getting Green Insurance On Your Terms Roth and [...]<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('4744','No Credit Needed &raquo; Blog Archive &raquo; Carnival of Personal Finance #94 Hosted By No Credit Needed'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('4744','No Credit Needed &raquo; Blog Archive &raquo; Carnival of Personal Finance #94 Hosted By No Credit Needed','&#91;...&#93; Kirk Walsh Getting Green Insurance On Your Terms Roth and &#91;...&#93;'); return false;">Quote</a></div> [...] Kirk Walsh Getting Green Insurance On Your Terms Roth and [...]
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