Local officials pushed back this week against a Missouri Senate bill that would end both state and local sales tax on food and grocery items.State Sen. Mary Elizabeth Coleman, an Arnold Republican, said the bill is an attempt to increase affordability for Missourians as prices rise.“Missourians are paying more and more for necessities,” Coleman said. “Most of us agree fundamentally that essential services should not be funded on the backs of the poor.”Coleman said a family of four would save $54 per month with the removal of grocery sales tax.
Tax cuts only benefit corporations. They already price their goods at the maximum that consumers will (read: are able to) pay. Guess what happens if consumers can suddenly pay 10% more because they don’t have to pay 10% tax?
So the opposite must be true too right? When taxes go way up companies drop their prices to compensate because, according to you they only charge what consumers can pay. Except that doesn’t happen at all. Instead tariffs just caused prices to go way up without any intervention by corporations.
No. There is nuance to the tax cut and tax levy argument. Circumstances matter. Cutting taxes on groceries would immediately lower food prices for everyone, the poor included.
one of the things i love about australian taxes: by law the displayed price must include all taxes… the price on the label/menu/sign/website/whatever is the price you pay… by law
always catches me out in the US adding tax and tip 😓 i end up spending way more than i’d intended and having a far worse experience because of it
Tax cuts only benefit corporations. They already price their goods at the maximum that consumers will (read: are able to) pay. Guess what happens if consumers can suddenly pay 10% more because they don’t have to pay 10% tax?
So the opposite must be true too right? When taxes go way up companies drop their prices to compensate because, according to you they only charge what consumers can pay. Except that doesn’t happen at all. Instead tariffs just caused prices to go way up without any intervention by corporations.
What complete nonsense.
No. There is nuance to the tax cut and tax levy argument. Circumstances matter. Cutting taxes on groceries would immediately lower food prices for everyone, the poor included.
well you no longer have to do the off-label calculation
one of the things i love about australian taxes: by law the displayed price must include all taxes… the price on the label/menu/sign/website/whatever is the price you pay… by law
always catches me out in the US adding tax and tip 😓 i end up spending way more than i’d intended and having a far worse experience because of it