Comment Re:Maybe US companies could pay fair taxes? (Score 1) 152
I'm sorry you are trying to put words into my statement, I was not trying to mislead anyone. I stated exactly what I meant, nothing was implied.
I'm sorry you are trying to put words into my statement, I was not trying to mislead anyone. I stated exactly what I meant, nothing was implied.
Not what I said at all, you are inferring too much into what I stated. Corporation's charge money for the products and services they produce, that money comes from the consumers that purchase their products, so the money a corporation has has come from its consumers. Out of the money a corporation takes in (from consumers), it must pay for the cost of the goods it produces part of that cost may be a corporate tax, so people are paying the corporate tax through the price they pay for the product. Some corporations are able to get away with insanely high profit margins and can absorb an increase in tax, cut their profits and not pass it on to their consumers, not every corporation can do this. Restaurants are are perfect example of this, profit margins in this industry are very slim, so increases in costs are often passed on to the consumer.
No where did I say corporations would charge more to cover taxes. Consumers buy products and services from corporations, corporations money comes from consumers. Taxes are an expense of making said product or services, that cost plus all other costs and profit margin are the final price paid by the consumer of the product or service. At the end of the day the money used by a corporation to pay any taxes was provided by the consumer of their product or service.
If the corporation has high profit margins of course they may choose to absorb the cost of taxes from their profit margin, it doesn't change the fact that that profit was originally paid by the end consumer, which is all I am implying when I say corporations don't pay taxes. Corporations that have low profit margins more than likely will have to raise prices if taxes go up, not every corporation is an Apple or Facebook. Corporations largely only get their money from consumers willing to buy the product they produce.
I simply said the consumer would pay the tax. Corporations only get their money from consumers buying their products and services. If a corporation maximizes their profits, the consumer is still supplying the money. Taxes are an expense to a company, just as employee salaries, raw material costs, etc. The price of any product is made of the expenses incurred to make the product plus profit margin, Apple enjoys extremely healthy profit margins and can afford to absorb a corporate tax increase for some amount of time, but that doesn't change the fact that the money Apple uses to pay those taxes originally came from consumers purchasing their product.
That is Apple's choice, if they choose to absorb the cost of corporate taxes from their profits. That doesn't change where the money came from in the first place (their investments aside), the money originally came from consumers buying their products and services.
"We should make the corporate tax rate 0%"
Yes!
"I know: lets just give taxpayer money directly to the corporations!!!"
Absolutely No! Corporations should not be receiving any sort of tax payer handouts, period. Crony capitalism is evil and is the root of many things wrong with our current system.
I guess you don't understand how corporate taxes work. Where do you think corporations get the money to pay corporate taxes? The "little people" ALWAYS pay, doesn't matter who is writing the check....
"Russia is trying to breed distrust of our democratic institutions and our fellow Americans"
That's the Republicans and Democrats job! Damn Russians, stealing hard(ly) working American jobs!
I strongly believe/hope we are not the only life in the universe, in fact I believe the answer the Fermi Paradox is that the Earth has a big "Do Not Touch" sign on it because we have been deemed too dangerous to include in "Universal" citizenship.
What makes you so sure the human race shouldn't go extinct?
Humans are the most destructive, dangerous species to themselves and every other species on the planet, IMO, we deserve to die out!
To paraphrase the late George Carlin:
The Earth will be fine, it just has a cold, once it's "immune system" purges the "human" infection, the earth will heal itself.
To get back on your feet, miss two car payments.