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What follows is a written version of the testimony I gave to the joint meeting of the Senate Revenue and Economic Development and Assembly Taxation Committees on 3/18/2015 regarding SB252.
Good evening Mr. Chairmen, Joint Committee Members. My name is Knight Allen, I am a private citizen.
And the world is flat. And businesses pay taxes. The sun rises in the west and sets in the east and businesses pay taxes. The earth is the center of the universe and the sun, the planets and the entire solar system revolves around it – and businesses pay taxes.
Well, ladies and gentlemen, businesses DON'T PAY TAXES. ". . . . the profits of merchants are a subject not taxable, . . . . the final payment of all such taxes must fall, with a considerable over-charge upon the consumer." –Adam Smith "Wealth of Nations” "If you know what's coming in terms of the tax, you will be able to adjust the price of Pop Tarts or dog food in a way that will be most palatable for your clients or most profitable for you." –Mr. Guy Hobbs, Chairman Governor Kenny Guinn's Task Force on Tax Policy LV Sun 11/24/02.
"There is no tax that doesn't ultimately get passed onto the
Only the Market pays taxes. Only the PEOPLE pay taxes because they ARE the Market.
SB252 violates the core Principle of taxation in a free society: "Do not tax the necessities of life."
– "Wealth of Nations"
Thank you for your time.