Legal Impudence: Sale taxes (Buyers) + Who will say days
Economic Impudence: Who really pays
The Initial Price for buyers is 3.00 and sellers is 3.00.
The Final Price for buyers is 2.75 and sellers is 2.75.
Tax feed is buyers for 1.00 and sellers have none.
The economic burden or the real cost for buyers is .75 due to tax and sellers for 0.25.
Tax rates that are too high and income tax is too low. None of this is being shown in graphs, rather just for the well being. Which side of the marker is effected? Buyers!
price sellers end up keeping and buyers need to give to taxes. Raise taxes and the problem gets worst.
Econmic liability for taxes is completely independent to whom eats it.
Firms and workers split of that tax. There is no share of the burden and if it is all the time.
Elasticity of supply and demand, meaning that it will be by three, so that if there are higher labor and many workers are not sensitive to change to wages. Social security taxes will kill you, not the yearly taxes.
Who legally has to pay, it is the legal elasticity of demand and supply who allocates the pay. Buyers going to get a bigger burden of paying the excess tax. Most taxes however are paid by sellers. Subsidizes by 1.00 of the gasoline from the refiner; supply would shift out and be less for us. Refiners get 3.45 (referring to the graphs on the written paper., oil gets 80%, 20% to buyers. It is the relative supply and demand elasticity, nothing else. Buyers and sellers are better off but not the market.
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