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Yes, it's an 11 letter word and anyone who studies their Bible knows that the number 11 symbolizes disorder and chaos.
This is an economics forum, not a superstition forum.
Quote:
Originally Posted by sd-bound
You are correct about 'sale' taxes, they are paid by the consumer, but that has nothing to do with the tax corporations pay on the 'income' they report. Separate taxes. Corporations can increase the price they charge in an attempt to cover it, but unless it's a monopoly, consumers can vote with their feet.
We understand you never studied economics, but because you're clearly interested in this topic, you might be motivated to read a few of the following links.
Or just google "tax incidence" and choose whatever source you like, as the subject is pretty well covered by any number of sources.
Whenever a tax on a business is introduced or changed, the business reacts, and then customers react, etc etc. Everyone reacts. Businesses try to recover the tax by raising prices; consumers react to the the higher prices by purchasing less, and businesses once again react to lower sales by cutting back on production & adjusting their price once again, and again consumers adjust their purchasing behaviour.
At the end of the day, the statutory incidence of the tax is on the business -- that is, the business fills out the tax forms and remits money to the taxing authority. This is true for all types of taxes: excise taxes ($X per unit), ad valorem taxes (X% per dollar), income taxes, etc. But everyone reacts: businesses attempt to charge more, customers buy less when prices go up, so businesses manufacture fewer products, etc etc etc.
There are 3 rules of tax incidence.
1) The Statutory Burden of a Tax Does Not Describe Who Really Bears the Burden of a Tax.
2) The Side of the Market (Businesses or Customers) on Which the Tax Is Imposed Is Irrelevant to the Distribution of the Tax Burdens
3) Parties with Inelastic Supply or Demand Bear Taxes; Parties with Elastic Supply or Demand Avoid Them
Perfectly Inelastic Demand:
Perfectly Elastic Demand:
And, of course the elasticities of supply matter as well:
Quote:
Originally Posted by sd-bound
"...More than a dozen Senate Democrats, including several moderates whose states President Trump visited to encourage their support for tax reform, held a joint news conference Tuesday to say they are still willing to work on compromise tax legislation despite being frozen out of negotiations..."
There is a big difference between holding a press conference and actually taking action. Chuck Schumer and the DNC threatened them not to participate and most importantly not to vote in favor of anything Republicans support. If any Democrat worked with the Republicans, that Democrat would be excommunicated from the Democratic Party. That traitorous Democrat would be completely cut off from DNC funding for re-election. Any bill that the traitorous Democrat introduced would be killed.
But of course a press conference is perfectly fine.
This problem could quite easily be resolved by first capping physician's salaries. Next, severe restrictions need to be placed upon the cost of both drug research and drug retail costs.
Drug research expense guidelines and retail costs should be solely based upon degree of required demand of the population.
Research costs what it costs, and generally consists of trial after trial of stuff that doesn't work. You can't say "here's $10 million, create a drug that cures X".
I am not at all unhappy that my cancer doctors make $350k to $550k per year. They are really good. I would hope the mediocre doctors I saw years back are making a fraction of that. Nice guys, but not great doctors.
Research costs what it costs, and generally consists of trial after trial of stuff that doesn't work. You can't say "here's $10 million, create a drug that cures X".
I am not at all unhappy that my cancer doctors make $350k to $550k per year. They are really good. I would hope the mediocre doctors I saw years back are making a fraction of that. Nice guys, but not great doctors.
The greatness of doctors does not necessarily parallel income. The greatness of doctors is usually measured by degree of dedication and medical success. The monetary reward necessarily follows...
However, it doesn't have to follow exponentially....
There is a big difference between holding a press conference and actually taking action. Chuck Schumer and the DNC threatened them not to participate and most importantly not to vote in favor of anything Republicans support. If any Democrat worked with the Republicans, that Democrat would be excommunicated from the Democratic Party. That traitorous Democrat would be completely cut off from DNC funding for re-election. Any bill that the traitorous Democrat introduced would be killed.
But of course a press conference is perfectly fine.
The Democratic Party is the Party of No.
Frankly, the Democrats' refusal to participate in the framing of legislation came back to bite them, on the tax bill. A little bit of collaboration with the hated Trump might help their constituents.
Frankly, the Democrats' refusal to participate in the framing of legislation came back to bite them, on the tax bill. A little bit of collaboration with the hated Trump might help their constituents.
Frankly, the Democrats' refusal to participate in the framing of legislation came back to bite them, on the tax bill. A little bit of collaboration with the hated Trump might help their constituents.
Refusal to participate?
"Republicans and Democrats from both chambers joined together for the conference meeting on the Tax Cuts and Jobs Act in an effort to hash out the differences between the respective versions passed by the House and Senate. Only the singular bill had been completed and wrapped up ahead of the meeting.
The pre-conference meeting deal negotiated by Republicans, which included a handful of changes, enraged Democrats in the room, many of whom are committee ranking members and longtime tax writers." http://http://www.businessinsider.co...elines-2017-12
This "spending problem" babble is right-wing propaganda ginned up to further the fairy tale meme that the wealthy are unfairly burdened by taxation. In fact, taxes do not affect the lifestyles of the wealthy to any significant degree at all. They have giant piles of money sitting around both before and after taxes. They have to spend time thinking up things to do with all that cash, so no need to feel sorry for them on any other account.
good one-you should do stand up.
it's not propaganda, it's fact.this country has a huge spending problem which is what happens when politicians take bribes (legally and illegally) that benefit special interests and when they're allowed to spend tax money irresponsibly and inefficiently with zero accountability.
Sorry but "that guy has piles of money over there" isn't an excuse to allow politicians to spend like drunken sailors.However politicians who spend decades in office lining their pockets and their friend's pockets at the expense of tax payers love to spew nonsense like this.
Angel keeps cranking out those kids and probably will since that's her meal and housing ticket paid for by you and me. Just in the last few years she's popped out 2 more and now has a husband who must be fairly useless also.
Just think how many welfare grandkids that family will breed over the next 20 years. They should have fixed that woman years ago.
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