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i cant figure out why we have 18 pages of this nonsense.
bottom line here the OP wont even recognize that corporations don't pay taxes!
THey just collect taxes from their customers and pass it along to the government.
corporate taxation is regressive and hurts the poor disproportionately.
You need to quick call up every one of the 50 departments of insurance in the United States and tell them that federal income taxes are not to be a mandated component in pricing insurance policies because if you're right they're currently doing it wrong.
Is insurance pricing performed free market? No.
But you should step back and consider the irony of you accusing others of using “one-offs” to support their position while relying on one cherry-picked and highly regulated industry to try to rebut the broader point that, generally, consumer pricing is not affected by incremental corporate tax changes.
That's just called smart accounting. A C-Corporation is taxed on the difference between revenue and expense. Expense is everything from employee wages, to operating costs. If the C-Corporation has excess profit, why not pass it down to shareholders or employee wages? The C-Corporation pays no tax but the employees and shareholders do.
And that's not even counting things like payroll tax etc.
I believe dividends are taxed before the excess can be distributed to shareholders.
You're the one saying that corporations have experienced all kinds of cost increases that prevent them from passing savings from tax cuts on to customers in the form of lower prices.
Prove it.
They have. The cost of health insurance for their employees has increased. The cost of real estate tax has increased. The cost of utilities have increased. Etc.
i cant figure out why we have 18 pages of this nonsense.
bottom line here the OP wont even recognize that corporations don't pay taxes!
THey just collect taxes from their customers and pass it along to the government.
corporate taxation is regressive and hurts the poor disproportionately.
I've tried for a week here and on Twitter to get some screamer to tell me WHY some corporations aren't paying any federal income tax.
The "most intelligent" say it's because of the corporate tax cut. But saying so just shows their ignorance. If a corporation made $100 in 2016, they paid $35 in taxes. If they made $100 in 2018, they paid $21. But they still paid - based solely on the rate cut.
So perhaps those decrying the "they paid nothing!!" should spend a few minutes educating themselves.
i cant figure out why we have 18 pages of this nonsense.
bottom line here the OP wont even recognize that corporations don't pay taxes!
THey just collect taxes from their customers and pass it along to the government.
corporate taxation is regressive and hurts the poor disproportionately.
Correct, but just let them keep their delusion that disproportionately burdens the poor. They sure seem to want it that way.
American working stiffs, especially talk radio variety, are famous for their support of minimum or no taxation on the rich. One of these days they'll join the party
I posted this before but here is why a tax cut won't necessarily mean a decrease in prices.
$100 sales price
$20 profit margin
30% tax rate
net profit = (1-30%) x $20 = $14
Preparing for next years pricing the company learns that the tax rate is decreasing to 20%.
Inflation is 3% for this product.
Net Profit = (1-80%) x $20 = $16
However, that is only 2/100 = 2% relative to the total purchase price.
So, instead of raising their product price by $3, they only increase it by $1.
This is just one example of how it can occur so just making statements that prices should automatically be lower due to tax decreases should be made judiciously as it depends on the profit margins, inflation and other factors that impact prices.
American working stiffs, especially talk radio variety, are famous for their support of minimum or no taxation on the rich. One of these days they'll join the party
The donor class has done a masterful job of convincing the rubes that they are really just temporarily embarrassed millionaires. Further convincing them that poor immigrants are the cause of their embarrassment (as opposed to exploitation by the donor class) was the cherry on top.
There is no way a corporations can pass taxes on the profits back to customers, mathematically impossible. I want to remind you that a corporation is a legal person.
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