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25 November, 09:20

Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. this illustrates the:

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  1. 25 November, 11:55
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    Sales and excise taxes are levied on retailers, but retailers add these taxes to the prices of their products. This illustrates the shifting of taxes to consumers.

    Retailers build in these taxes in the final product purchase amount so that they aren't eating the cost. By putting them on the customer, they are saving themselves money that they would have to pay if they couldn't build the price in. Sales tax on items is determined by the state and county someone lives in.
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