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If you issued that edict, we probably wouldn't see companies like Burger King figuring out ways to leave the US.
Yes, I know that some people would rather Burger King leave than they pay $450 million in taxes instead of $600 million (hypothetically). It reminds me of a child that if they have to share the ice cream, they don't want any at all.
Well, now we're getting somewhere.
Finally, a winger who admits (circumlocutiously) that corporations don't want a tax cut...they want a tax abolition.
Finally, a winger who admits (circumlocutiously) that corporations don't want a tax cut...they want a tax abolition.
Of course they don't; I don't want corporations to pay taxes either.
How about this: instead of you paying your taxes to the IRS, why don't you pay them to me who then pays them to the IRS after I add in my overhead for doing this for you?
That is what happens now with this hidden tax.
If it costs a company $10 to make something and they sell it for $12, if you add a $1 tax, driving up the cost to produce the goods to $11, they are going to mark it up to $13. The company still makes its $2 profit and that tax is passed on to you when you are now paying $13 for that product.
Of course, having accounts deal with the taxes is not free. So if the company also has to pay $.10 for the costs of accounting, now your product that you would be paying $12 for is costing you $13.10. You're paying $10 for production, $2 for profit, $1 for tax and $.10 for the accounting.
Now, when most Americans go to the store, and they see what appears to be the same product on the shelf and the American made product is $13.10 and the Chinese product is $11, which do you think they'll buy in most cases?
Then I guess you could say they pay individual taxes who work for them also. Play on words. They are so high in relation to other countries because government like to spend and they rely here on top ten per cent for most of it.
Yet we still are broke and have to print money. Liberals just don't get it do they?
One could just as mindlessly say that about property, state, sales tax and any other tax too. The nation should be run for free.
No, that would indeed be mindless and your post is childish.
Maybe you are not aware but you and I pay all corporate taxes. When McDonalds and Ford pay income taxes, they recover it in the price of their products. So consumers pay. Corporate income taxes are a politicians wet dream. They make politicians look good but do nothing for consumers.
So if I can issue an edict ending corporate taxes immediately, that steak in the grocery store is gonna be cheaper on the morning?
I'm not convinced.
Yes. You are correct. I worked for several years on pricing for a corporation and can assure you that income taxes are included in the price. Eliminate those taxes and our products would be priced lower.
If it costs a company $10 to make something and they sell it for $12, if you add a $1 tax, driving up the cost to produce the goods to $11, they are going to mark it up to $13. The company still makes its $2 profit and that tax is passed on to you when you are now paying $13 for that product.
Exactly. It really is that simple.
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