Comment Re:What they are actually reporting an Issue. (Score 1) 320
Oh, I *love* "The IT Crowd"...
Oh, I *love* "The IT Crowd"...
In reality there are other things to worry about (government regulation (especially with utilities and the new health care bill), people holding grudges against companies that profiteer, what products compete with yours e.g. DVDs versus live entertainment) but there are limits on how much companies can just pass costs and taxes on without it affecting sales volumes.
True enough, if one only considers customers; there are others from whom the taxes can be withheld. First up, stockholders. Now, I know that the general population here will immediately think of fat-cat Wall Streeters, but most stock is held by institutional investors. Think retirement plans, both private and pensions. Raising corporate tax rates hurts those who are trying to retire.
Second, the taxes can be passed on to employees, specifically by trimming the workforce.
All taxes are eventually paid by individuals. Anyone who says otherwise is uninformed, or trying to hide something.
How can you work when the system's so crowded?