Jackcrevol
Ain't Got Time!
- Joined
- Jan 23, 2005
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This has to be the worst idea I've ever heard of. Glad you aren't in a position of power..
Millionaires and corporations don’t pay nearly as much in taxes as they should so yeah. Amazon paid zero in taxes. How does that make any sense?
The consumer pays 100% of corporate taxes.
Meh. All cost of doing business is passed down to the cost of the service or goods being produced. Be it taxes, light bills, raw material, it is all passed down to the purchaser of the product.Economists disagree. Studies show workers or shareholders tend to take on the burden. Have to remember most companies aren't c-corps and prices are based on supply and demand, not companies willing their desired profit margin into existence. If your good or service is part of a c-corp and corporate taxes go up, an llc will just steal market share if you try to raise your prices.
Meh. All cost of doing business is passed down to the cost of the service or goods being produced. Be it taxes, light bills, raw material, it is all passed down to the purchaser of the product.
Not necessarily, shareholders/owners can accept less, wages could decrease, efficiency improved, product quality lowered, cut back on other expenses, scale to size, vert/horizontally integrate, etc. "just raise the price" is too simplistic and can be a quick route to ruin if your competitors are smart. Depends on the market share, margins, suppliers, buyers, etc.
Especially these days - the "build market share while operating with massive losses for years and years...then monetize" is all the rage.
So the consumer pays by lower wages? Less employment? I don't think companies absorb taxes and accept lower profit.
If you purchase a product from me, your paying my payroll taxes, property taxes, business taxes, income taxes, vehicle ttaxes and any other license and fees that I am responsible for. Not only the taxes but a markup on those taxes as well.
So the consumer pays by lower wages? Less employment? I don't think companies absorb taxes and accept lower profit.
If you purchase a product from me, your paying my payroll taxes, property taxes, business taxes, income taxes, vehicle ttaxes and any other license and fees that I am responsible for. Not only the taxes but a markup on those taxes as well.