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Old Today, 12:10 PM
 
4,524 posts, read 1,685,039 times
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Quote:
Originally Posted by TaxPhd View Post
That’s not correct. Dividends aren’t dependent upon income at all.
Of course it is. Where else do dividends come from? Retained earnings = Income after taxes minus dividends paid out.

Quote:
Originally Posted by TaxPhd View Post
We know the shareholders bear some of the burden. How are you concluding that they bear most of it? That’s not supported by what you posted above from B of A.
The 10-Q I posted shows exactly how all of the corporate income tax gets charged to shareholders.
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Old Today, 02:00 PM
 
1,210 posts, read 620,983 times
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Quote:
Originally Posted by TaxPhd View Post
Storage and shipping aren’t cost of goods. Just sayin’.
TaxPhd, Regardless if you consider it to be the distribution or the production costs, to the final purchaser of the product, the cost has been embedded within all other normal business expenses of enterprises passed within each "link" of the commercial chain". The final purchaser pays for everything that can and has been passed on.

Quote:
Originally Posted by Supposn View Post
NCole1, it's not an exaggeration to state corporate taxes embedded within most individual's annual purchases effectively act very similarly to a flat rate sales tax.

We're not discussing individual transactions, or individual enterprise's, or individual years. It is not general USA businesses' practices to not pass their normal expenses on to their customers. The assumption that I've made is over the years most individual USA enterprises passed most, if not statistically almost their entire normal expenditures on to their customers.

That's manner in which businesses in the USA and almost anywhere else in world is conducted. ...
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Old Today, 06:16 PM
Status: "Loving the hilarity of CD." (set 9 days ago)
 
5,448 posts, read 2,523,189 times
Reputation: 5318
Quote:
Originally Posted by Elliott_CA View Post
Of course it is. Where else do dividends come from? Retained earnings = Income after taxes minus dividends paid out.
You really want to argue accounting with me? Really?? Especially something so basic that it is covered in a first semester Principles of Financial Accounting class? OK, buckle up.

First, that's not the formula for Retained Earnings.

Second, a company with zero income in the current year can pay a dividend. But guess what? It gets better. . . A company that has NEVER earned a penny in income can pay a dividend as well. Why? Because dividends aren't dependent on income.

Quote:
The 10-Q I posted shows exactly how all of the corporate income tax gets charged to shareholders.
Um, no it doesn't, because taxes aren't "charged" to shareholders. If you disagree, tell all about how it works. How is a shareholder "charged" with corporate taxes? If someone owns one share of stock in B of A, how much tax would they be "charged" with? To whom would they pay this tax?

You really ought to stick to what you know, because it clearly isn't accounting.
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Old Today, 06:18 PM
Status: "Loving the hilarity of CD." (set 9 days ago)
 
5,448 posts, read 2,523,189 times
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Quote:
Originally Posted by Supposn View Post
TaxPhd, Regardless if you consider it to be the distribution or the production costs, to the final purchaser of the product, the cost has been embedded within all other normal business expenses of enterprises passed within each "link" of the commercial chain". The final purchaser pays for everything that can and has been passed on.

Accounting is precise, and I was correcting an error. I don't really care about the rest of your silly thread.
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Old Today, 06:25 PM
 
Location: Aurora Denveralis
4,818 posts, read 1,581,829 times
Reputation: 7005
"...because people won't be able to tell the difference."
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