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Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Who Pays the Taxes on 'Business'?

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There is a call in Congress for another increase in corporate income taxes. Although taxes paid by large companies and corporations in 1950 amounted to over $12 billion, it is found that the taxes levied upon companies, especially those that offer services such as telephone or power, are ultimately taken up by the users, or customers. As customers bear the cost of company taxes through increased cost of service and labor, many suggest an increased corporate tax to be the wrong decision.