Corporate taxes are paid for by consumers and employees (e.g. another hidden tax against you)

[notnamed]

It is in effect a consumption tax...which is generally the preferred method of taxation among conservatives. Don't want to pay as much taxes? Just don't buy luxuries.

[Mathguy]

Originally Posted by Jandrew5

Thank the Trump "tax cuts."

Just what our symphony of discussion needed, more cow bell.

[Eyebee Teepee]

Originally Posted by InformedConsent

You're missing the point. Corporate taxes ARE paid out of revenues. That's the only source they can come from. When corporate taxes increase, revenues have to increase to pay the additional cost. The way corporations increase revenue is by increasing prices on their products (or reducing the quantity/volume sold at the same price) and/or reducing employees wages, cutting jobs and/or work hours, and/or cutting/reducing employee benefits.

Raising corporate taxes is a big F-U to consumers and the working class.

If a business has exactly 1 goal: "I want after-tax net income of $X or X% of revenues", then yes. And I believe I mentioned this already.

https://www.macrotrends.net/stocks/c...amazon/revenue

Amazon revenues went from $230B to 280B in 2019. But, Amazon paid no income taxes in 2019, with a corporate income tax rate of 20%. If the rate had stayed 34%, what would they have paid?

$0.

Raising the cost of doing business (inputs) causes businesses to increase revenue (ex:raise price) or decrease costs (ex: stay under 50 FTE's).