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i'd use examples like media properties, or spectrum holdings by wireless carriers. a lot of these fields with minimal competition, are able to set their prices as high as the market will bear.
thanks, but like i said earlier, corporate taxes have a minor impact on prices. if you're concerned about rising prices , you're barking up the wrong tree.
I disagree corporate taxes will effect prices of food and gas.
My intention is not to hi jack this thread, but to add another line of thought.
Nobody in The USA knows what anything really cost. All we know is what people will pay.
By the time a corporation jiggles it's expenses to include all the write offs available to them, entertainment, charity, etc and then the real cost of producing something, who knows?
A relative was in Pennsylvania. She paid x for a gallon of milk. Upon returning to Houston, she paid 2x. She asked the store manager why the difference. His reply was, because we can get it.
I suspect one half the restaurant meals are business expensed, even after Carter allowed 1/2 value. Golf clubs, symphonies, ball game season tickets, charity events, plays and business travel all are write offs. They are as much a matter of personal choice as where we decide to live and send our kids to school.
The salaried working person is subsidizing business on so many levels, I can't keep track.
The tax system will never be fair until we stop rewarding friends and punishing enemies, via the tax structure. Just because a person decides to create a business and employ folks, should not give them access to everybody else's pocket to fund their hobbies and social life through tax write offs.
Fair taxes will never happen, and we will never be able to get rid of the system. My suggestion is for everyone to form a corporation. Write off your boat, ski trips, vacations and trips home to see your mother in law.
The goal is not to balance the budget, the goal is to have a fair tax code. Capital gains tax rates are 15%, wages are much higher than that.
the corporation.
yes. they will have less profit margin, and they will pass smaller returns on to their shareholders.
federal taxes actually lower prices, by removing money from circulation in the private sector.
the increase in prices we experience has nothing to do with federal taxes -- it is driven by central banks making loans.
In a functional economy, these loans go toward productive enterprise, people get jobs, and everything is hunky dory.
In our broken economy, these loans go toward commodity and land speculation. This reduces productive investment, and drives up the cost of things we buy, and drives our jobs overseas. Working people get screwed, but investors get rich, so everything is fine, right?
So what you are saying is, you are completely clueless...!
If you taxed the rich at 100 percent you would not balance the budget.
If you tax a corporation, who do you think will pay. Do you think that corporation will absorb the extra tax and reduce profit margin? All they will do is pass the cost to the consumer by raising prices. Who gets hurt with rising prices?
...........is what the media told you.........you are brain washed to a lie
What you think you "know" isn't necessarily all there is to know.
You say YOU KNOW,, (implying the rest of us are dummies because we don't "know".) How about stats to back up your claims.
I only believe that my eyes can see and my ears hear, and my friend tells the truth.........ask you tax prepayer.....ask your lawyer.........the professionals tell me.......I have heard Buffet and Trump say it.........Everyone has to discover it for themselves..........if it doesn't make sence to you FORGETABOUTIT!
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