- Oct 9, 2019
- Reaction score
The expected cost of taxes can be firured by any competent accountant and added to the price of goods and servicesYou make no attempt whatever, for the second time, to answer my original points — which you now no longer even quote. Here is the basic “economic class” points I originally provided for your edification. You can ignore them again or try to prove they are wrong.
No. Corporate taxes are literally taxes on corporate profits (after deductions).Corporate taxes are a tax on consumers ...
Those profits (that are not taxed) mostly go to dividends for stockholders, stock options or stock buybacks to benefit managers, and usually translate into higher stock valuations for stock owners. In short they go many places. To think profits not taxed are all distributed to consumers in lower commodity prices is preposterous. The price of commodities produced and sold depends as well on many factors: market conditions, competition, the price of labor and capital and resources, available technology. The ability of producers to raise or lower prices is constrained by the factors mentioned and also by other factors like the “elasticity” of demand.
Don’t buy into the myths of corporate lobbyists!
So tell the greedy bastards in washington what to do about that