The result is that taxes most definitely DO affect businesses, and since
they cannot pass along all additional expenses to their customers, part of
the tax decreases their profit and so effectively the business owners DO
pay
taxes (separate from their personal income taxes, that is).
To a degree -- but long before personal "profits" get cut the business
"extras" will go out the window. Things like new equipment, landscaping,
added staff -- ALL of that stuff will be eliminated long before a business
owner's personal income is diminished.
And THAT is how taxes hurt the economy.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"