AntonToo
Diamond Member
- Jun 13, 2016
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agreed but subject was whether tax cuts and raw material cost cuts both leave more profit after tax with which to expand business. Do you know the answer?NOPE wrong. Money spent on raw materials are taxed at zero percent, with or without tax cuts.
Both leave less profit but if we are talking specifically about incentive to invest HIGHER taxes are even arguably better.
Suppose you will make $1mil, income tax rate is 0% and you have $500,000 investment - tax incentive for investment is $0.
Now suppose tax rate is 50%. You would now write off $500,000 project and it's actual cost to you is only $250,000. Thats $250,000 incentive.
Why do you believe that an income tax is even SLIGHTLY constitutional? Do you know that America had a functioning government and infrastructure before the 16th amendment was fraudulently passed?
How does that cheese taste out on the moon, where you seem to live?