Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror

Comment Re:Maybe US companies could pay fair taxes? (Score 1) 152

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.

Comment Re:Maybe US companies could pay fair taxes? (Score 1) 152

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.

Comment Re:Maybe US companies could pay fair taxes? (Score 1) 152

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.

Comment Re:Maybe US companies could pay fair taxes? (Score 2) 152

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.

Comment Re:Maybe US companies could pay fair taxes? (Score 2) 152

"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.

Comment Re:Climate changes. It always has. (Score 1) 384

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.

Privacy

Twitter To Establish Information Security Program 72

An anonymous reader writes "Twitter has agreed to settle Federal Trade Commission charges that it deceived consumers and put their privacy at risk by failing to safeguard their personal information, marking the 30th case the FTC has brought targeting faulty data security, and the agency's first such case against a social networking service. Under the terms of the settlement, Twitter will be barred for 20 years from misleading consumers about the extent to which it maintains and protects the security, privacy, and confidentiality of nonpublic consumer information, including the measures it takes to prevent authorized access to information and honor the privacy choices made by consumers."

Slashdot Top Deals

To get back on your feet, miss two car payments.

Working...