• Taxes (was: Credit cards)

    From JOE MACKEY@1:123/140 to NANCY BACKUS on Thu Nov 21 07:10:28 2019
    Nancy wrote --

    Its like taxes.
    Some people call on businesses to pay more. But those taxes they
    are "paying" are passed along in higher costs of whatever they are selling so the customer is paying the taxes in hidden costs. (A penny
    here, a penny there on this or that).

    Not always, but often enough... and particularly with the larger
    businesses that probably could have afforded to absorb the cost...

    If the company is large enough (such as chain's) raising the price of the goods/services a few pennies might not be noticed by the consumers.
    But smaller, mom-and-pop places (what few seem to be left) have a more difficult time for sure.
    One example I can think of us our electric company, AEP.
    WV charges a "business and occupancy" (B&O)tax.
    On my bill is listed the amount of electric used, etc. along the B&O tax.
    So in my bill I am paying my amount of the B&O tax they are charged, thus
    they "pay" no tax, its passed along and rather upfront about it.
    Joe
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