2016 Election

[AirVol]

What if you live in a state where there is no sales tax? The tax is already in the price of goods.

 

[n_huffhines]

Shh. Huff is creating a whole new fantasy land of economics in his mind.

I literally have every economist in the world in my corner, but OK.

 

[n_huffhines]

What if you live in a state where there is no sales tax? The tax is already in the price of goods.

The answer is the same. THEY SHARE THE BURDEN.

Why do you ask a different question instead of answering the one I asked? I'm trying to keep it simple.

 

[AirVol]

The answer is the same. THEY SHARE THE BURDEN.

Why do you ask a different question instead of answering the one I asked? I'm trying to keep it simple.

Because I can!

 

[VolsNSkinsFan]

I literally have every economist in the world in my corner, but OK.

You just asked us to look something up and it was the exact opposite of what you were claiming

 

[n_huffhines]

Because I cannot answer the question!

Figures

 

[n_huffhines]

You just asked us to look something up and it was the exact opposite of what you were claiming

Start with "advice", "guidance", and "recommendation". Once you understand those terms we can try to tackle tax incidence.

 

[Gramps]

Did you miss the part where I said I'm not talking about legal liability?

Did you miss the part where I said YOU PAID HIM SALES TAX? Why are you talking about some weird scenario where the biz owner does not collect sales tax?

Well let's look at it from your angle.

The customer ( purchaser of goods) is responsible to pay 9.5% sales tax on everything he buys.

He pays the business owner the sales tax on his purchases. The business owner decides not to pay the state the sales tax on his taxable sales.

Is the state going to go after the customer, since that is who you believe is responsible to pay the taxes or are they going after the business owner?


Everyone on here knows the point you are trying to make, you simply are not making the point.


Does this statement make your point:

The business owner must budget the tax liability for the services of goods he/she is selling along with all his/her other operating expenses in order for him to make a business profit.

The point you appear to be missing is the business does not have to include the tax burden in his selling price of goods. If he does not there may be no profit but that is the choice of the business owner

 

[VolsNSkinsFan]

Start with "advice", "guidance", and "recommendation". Once you understand those terms we can try to tackle tax incidence.

You don't even know what tax incidence is and the link you posted showed it was the exact opposite of what you claimed it was

 

[n_huffhines]

You don't even know what tax incidence is and the link you posted showed the exact opposite of what you claimed it was

You quoted 3 lines. 2 lines explain what you are not understanding. You abandoned those two and are adhering to the one that you are taking out of context.

Clearly you did not read the entire wikipedia article. You must not have seen this graph:

There it is right there. Shared burden, regardless of who is legally liable. Tell me again that I don't understand. This is funny.

 

[AirVol]

You quoted 3 lines. 2 lines explain what you are not understanding. You abandoned those two and are adhering to the one that you are taking out of context.

Clearly you did not read the entire wikipedia article. You must not have seen this graph:

There it is right there. Shared burden, regardless of who is legally liable. Tell me again that I don't understand. This is funny.

Wiki-fk'n-pedia ? Alrighty then.

 

[n_huffhines]

Wiki-fk'n-pedia ? Alrighty then.

Research has shown wikipedia to be as reliable as encyclopedia britannica

How Accurate Is Wikipedia?

 

[hog88]

K, forget online and answer the question I asked. That complicates the explanation (even tho the answer that BOTH SHARE THE BURDEN is the same).

I've answered your dam question. Read!

 

[VolsNSkinsFan]

You quoted 3 lines. 2 lines explain what you are not understanding. You abandoned those two and are adhering to the one that you are taking out of context.

Clearly you did not read the entire wikipedia article. You must not have seen this graph:

There it is right there. Shared burden, regardless of who is legally liable. Tell me again that I don't understand. This is funny.

This chart is for a product that has similar elasticity. Housing supply is inelastic, demand is very elastic. So your chart should look like this

You dont know what you are talking about

 

[n_huffhines]

This chart is for a product that has similar elasticity. Housing supply is inelastic, demand is very elastic. So your chart should look like this

You dont know what you are talking about

Even in your example they still share the burden, so I guess i win.

BTW, we were talking about elasticity earlier and no one was getting it, so i simplified. You don't get it with or without elasticity.

Aren't you glad you stalked me in another thread? I was gonna let it go.

 

[1972 Grad]

My wife I just got back in from going out of town for dinner. We were arguing about property tax when I left. Did I miss anything?

 

[FLVOL69]

My wife I just got back in from going out of town for dinner. We were arguing about property tax when I left. Did I miss anything?

I had a nice steak dinner, now I'm packing a bowl for dessert.😎

 

[1972 Grad]

I had a nice steak dinner, now I'm packing a bowl for dessert.��

Stay thirsty (or whatever) my friend.

 

[Grand Vol]

I thought this thread was about how much people hated Trump with some love for "Stand with Rand" on the side?

And Hillary's cankles

 

[n_huffhines]

I thought this thread was about how much people hated Trump with some love for "Stand with Rand" on the side?

And Hillary's cankles

I apologize for my part. When people say the sky is green, i can't let it go.

 

[SpaceCoastVol]

I apologize for my part. When people say the sky is green, i can't let it go.

Blue makes up green in the light spectrum though, so I am sure you could argue that blue is a shared burden on the color wheel?

 

[1972 Grad]

Blue makes up green in the light spectrum though, so I am sure you could argue that blue is a shared burden on the color wheel?

I believe he is talking about cerulean, as the teal, turquoise, cyan, ming, bondi, etc. don't seem quite right.

 

[Vol8188]

I'll give you the property tax thing. But libs ought to love that since their base doesn't pay any as renters.

Renters pay property taxes. When property taxes increase, so does rent.

 

[lawgator1]

Renters pay property taxes. When property taxes increase, so does rent.

I agree. That's why large corporate owners of rental properties should instead pay out profits to owners and the owners should be more fairly taxed on that as income.

 

[Gramps]

Some of the post in this thread is a very good example why econ 101 books should be used as an outline only. There is a difference in the way business actually works vs what is written in a book that describes how business should work.