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back to the question. taxtion on corporations. how does that work without making poor and middle income people pay for it... almost all of it...
I won't deny that corporations will pass some taxes on to consumers. A flat corp tax increase might be sort of like a flat sales tax increase, which is why I say we should eliminate the loopholes that have been paid for in the form of lobbying and backroom deals instead.
But, there is competition and corps that don't pass as much to the consumer should get more business.. the corp can decide to increase prices or maybe cut some bonuses .
As a side note, and I'm not an economist so I can't say what truly is best and most fair for our country (economists can't really either), but if corporations are "people too" then they should pay taxes too.
I won't deny that corporations will pass some taxes on to consumers. A flat corp tax increase might be sort of like a flat sales tax increase, which is why I say we should eliminate the loopholes that have been paid for in the form of lobbying and backroom deals instead.
But, there is competition and corps that don't pass as much to the consumer should get more business.. the corp can decide to increase prices or maybe cut some bonuses .
As a side note, and I'm not an economist so I can't say what truly is best and most fair for our country (economists can't really either), but if corporations are "people too" then they should pay taxes too.
Well, at least we agree that economists cant either! LOL!
I have news for you 100% of a corporations cost structure is passed on to the consumer. there may be some variation in what the company is willing to accept in profit, but none of them are in the business of selling stuff at below their own costs.
100% of every tax that a corporation must pay will be charged to the customer, every single time. AND 95% of all households are NOT rich.
We hear daily that we need to tax on corporations and that it isn’t fair that they are not paying ‘their fair share’.
So I got to thinking how exactly can that happen? If you tax a business, how can you insure they will pay the tax without simply passing that cost along to their customers?
A minimum tax based on gross reciepts. Say $1 million on each $1 Billion.
The best way to remove the cap from the wage tax. That would require Corporations to nreprt ALL WAGES and pay their share of Wage Tax on CEO Salaries
A minimum tax based on gross reciepts. Say $1 million on each $1 Billion.
The best way to remove the cap from the wage tax. That would require Corporations to nreprt ALL WAGES and pay their share of Wage Tax on CEO Salaries
It's not the CEO Salaries that are the main problem, although I agree that currently, many of them are obscene.
It's the fact that a lot of income they get, they don't report as income or wages. A lot of it is long-term capital gains, dividends, options, bonuses, severance packages, etc.
It's not the CEO Salaries that are the main problem, although I agree that currently, many of them are obscene.
It's the fact that a lot of income they get, they don't report as income or wages. A lot of it is long-term capital gains, dividends, options, bonuses, severance packages, etc.
The Wage Tax on one executives retirement package would have been $42 million from him and from the Corporation. That'll keep a lot of grannys in their nursing home and not the Knackers
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