xsited1
Agent P
Obviously the Corporation knows what tax bracket or what tax percentage it will pay on it's total earnings, when all is said and done....
This estimate, along with estimates of frieght and duties and the the overhead of the entire company is incorporated in to my initial markup of the product...as with most businesses, the customer buying the product, in general, pays the taxes of the business....along with all costs of the business including the cost of goods, advertising costs, overhead costs, payroll,etc and what estimated taxes that will be paid in the end...
The business itself covers this in the initial mark up of the product....even estimated seasonal markdowns are calculated so that all of these costs are estimated and included in to the initial mark up of the product... if the product could not substantiate the retail it took to achieve that mark up, then we went back to the factory and worked deals for a better cost on it, or stripped something out of the product to get to the saleable retail price at the appropriate margin or we decided not to carry the product if it was not saleable at the retail we felt could do volumes....or we ate the margin requirement and bought the hell out of it anyway, hoping to make the return on investment back in a faster turn over rate...faster sale of it, with alot more of the product on hand to sell.... options are endless really...
we didn't review stock prices because they fluctuated daily and they were not a part of the business... we knew how well we were doing, by how well we were making our sales plan....everything of the business, was incorporated and calculated in our own business plan...for the product.
Care
Point taken. As you explained quite well, increased taxes will increase the cost of doing business and the extra costs will be passed on to the consumer. However, smaller companies will be at a disadvantage since extra costs will cut into their profit margins and they may not be able to remain competitive by increase the cost of goods sold. The net result is that the growth of the economy will slow, smaller companies will become less competitive, incomes will decrease, inflation will increase, and companies will find tax shelters (off-shore, if necessary). That makes the United States less competitive.
smaller companies pay less in taxes than larger companies already, don't they....just by the fact that they are smaller, they are probably in a lower tax bracket?
btw, i am enjoying this discussion....it has taught me a great deal about small businesses vs corporations and how things work...
i also enjoy the devil's advocate role!!!!
care
Not always. Regardless, the higher the taxes, the worse it will be for everyone. (I've already talked about this ad nauseam, so I don't have anything new to add.)