Businesses do not pay taxes.
If I go to the gas station and pick up a $1.00 candy bar and take it to the register the total comes to $1.06 .
The state taxes the RETAILER 6% on sales. The state doesn't care if the retailer adds the 6% at register or not. The state just wants its 6% tax on sales.
Business taxes are the same except the tax is built into the price instead of tacked onto the sale.
Businesses do not pay taxes. If I go to the gas station and pick up a $1.00 candy bar and take it to the register the total comes to $1.06 . The state taxes the RETAILER 6% on sales. The state doesn't care if the retailer adds the 6% at register or not. The state just wants its 6% tax on sales. Business taxes are the same except the tax is built into the price instead of tacked onto the sale.