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Topic	Pfizer makes billions from Covid vaccine and hides profit in tax haven
Broseph_Stalin 05/15/21 1:12:41 PM #36:	WingsOfGood posted... Please educate us You can tax just about anything, but only people can actually pay taxes. The manner in which the tax burden is divided between buyers and sellers is called the tax incidence or tax burden. When Trump raised tariffs on Chinese goods, he wasn't actually "taxing China". A country can't pay taxes. The Americans who buy those goods pay that tax. If a city introduces a tax on sugary drinks the people who buy those drinks pay the tax. You can tax corporate income but a corporation doesn't bear the burden of that tax, it's not a person. <cite>Broseph_Stalin posted [p:953934227] in Pfizer mak... [t:79460644]...</cite> <quote>WingsOfGood posted... </cite> <quote>Please educate us</quote> You can tax just about anything, but only people can actually pay taxes. The manner in which the tax burden is divided between buyers and sellers is called the tax incidence or tax burden. When Trump raised tariffs on Chinese goods, he wasn't actually "taxing China". A country can't pay taxes. The Americans who buy those goods pay that tax. If a city introduces a tax on sugary drinks the people who buy those drinks pay the tax. You can tax corporate income but a corporation doesn't bear the burden of that tax, it's not a person. </quote> ... Copied to Clipboard!
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