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We the Consumers Pay the Tax We Pay the Tax
A survey of 165 corporations by the American Federation of Investors shows 1940 taxes totaled 2.565 billion dollars, passed to consumers via higher prices. The piece argues tax burdens are shifted through retailers and wholesalers, raising consumer costs and job impacts. It cites 3.49 million employees and 5.89 million stockholders, with dividends far below tax totals, and warns of rising taxes in 1941 under new law.
MENTIONED IN THIS ARTICLE
Toms, Dicks and Harrys of America
American Federation of Investors
Ander
United States