Subj : Re: Taxes (was: Credit ca
To   : JOE MACKEY
From : NANCY BACKUS
Date : Thu Nov 28 2019 11:06:00

-=> Quoting Joe Mackey to Nancy Backus on 11-21-19  07:10 <=-

 >  JM> Its like taxes.  
 >  JM> Some people call on businesses to pay more.  But those taxes they
 >  JM> are "paying" are passed along in higher costs of whatever they are
 >  JM> selling so the customer is paying the taxes in hidden costs.  (A
 >  JM> 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...

 JM> If the company is large enough (such as chain's) raising the price
 JM> of the goods/services a few pennies might not be noticed by the
 JM> consumers. But smaller, mom-and-pop places (what few seem to be left)
 JM> have a more difficult time for sure.

I'll agree that the larger companies, and chains, have no problem
passing the costs along to the customers... or they might have a
slightly greater profit margin and so can absorb some of it... 

 JM> One example I can think of us our electric company, AEP.
 JM> WV charges a "business and occupancy" (B&O)tax.  
 JM> On my bill is listed the amount of electric used, etc. along the B&O
 JM> tax.  So in my bill I am paying my amount of the B&O tax they are
 JM> charged, thus they "pay" no tax, its passed along and rather upfront
 JM> about it. 

Yes, utilities do seem to be very "good" about passing along the taxes
and charges, pro-rated, to their customers... and I think that legally
they have to be upfront about it, itemizing as on your bill...  

An example of the smaller places that I was particularly thinking about
was a small restaurant, owned and run by a couple... I do use my card
there, but when I have the cash on hand, I'll pay in cash, since they
really are running on a shoestring, and can't really afford the fees the
cards charge them... And they've not raised prices since they opened,
over 5 years ago... He says that if he raised prices, he'd lose
customers... 

ttyl       neb

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