FFH5 Premium Member join:2002-03-03 Tavistock NJ 2 edits
1 recommendation |
to backness
Re: Verizon obviously doesn't hire math whizzessaid by backness:Interesting logic. Why should some be excluded from taxation while others pay? McDonalds pays for their property to be in business. Residents pay their taxes on their property and income (and also on any improvements). Why do you set a double standard for a telco? I don't. I don't think there should be any corporate taxes at all since they are merely passed on to customers in any case. Taxes on corporations are merely ways for cowardly & deceitful politicians to hide their money grabs. And besides, corporate taxes are regressive because they always hit the customers and NOT the stockholders. So those least likely to be able to afford higher taxes are the ones who really pay for corporate taxes. If politicians were honest(ROTFLMAO) they would pass more progessive income taxes and not corporate taxes. But they are bought & paid for by the richest Americans. The fact that all these uninformed voters RANT CONSTANTLY about corporate taxes shows that the politicians have FOOLED most of the people. But believe me, the rich aren't fooled. So, cheer on all the corporate taxes you want, because if they do that instead of raising income tax rates, I'll laugh all the way to the bank. |
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said by FFH5: I don't think there should be any corporate taxes at all since they are merely passed on to customers in any case. Obviously you must mean all those taxes the rest of us pay so that corporations can collect welfare later on after 2/3rds of their profits have been safely offshored from the prying eyes of the IRS. Yep. Consumers sure do see a ::SIGNIFICANT:: reduction in their taxes...particularly the kind that go towards bailouts for bankers and American vehicle manufacturers. |
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to FFH5
I'm not cheering anything. Being part of society has certain obligations. You don't get the benefits of protection of the American Legal system for free you know. I'll ask you why a company should be allowed to use the country for its own gain but return nothing to it. As for the corporate taxes not affecting shareholders, do you even own any stock? I hate to say it but bottom line earnings are calculated AFTER income taxes. Keep digging. Sorry to feed the trolls |
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to FFH5
said by FFH5:said by backness:Interesting logic. Why should some be excluded from taxation while others pay? McDonalds pays for their property to be in business. Residents pay their taxes on their property and income (and also on any improvements). Why do you set a double standard for a telco? I don't. I don't think there should be any corporate taxes at all since they are merely passed on to customers in any case. Taxes on corporations are merely ways for cowardly & deceitful politicians to hide their money grabs. And besides, corporate taxes are regressive because they always hit the customers and NOT the stockholders. So those least likely to be able to afford higher taxes are the ones who really pay for corporate taxes. If politicians were honest(ROTFLMAO) they would pass more progessive income taxes and not corporate taxes. But they are bought & paid for by the richest Americans. The fact that all these uninformed voters RANT CONSTANTLY about corporate taxes shows that the politicians have FOOLED most of the people. But believe me, the rich aren't fooled. So, cheer on all the corporate taxes you want, because if they do that instead of raising income tax rates, I'll laugh all the way to the bank. There seems to be relatively irrational belief among many conservatives that corporate taxes are simply passed on to consumers in the form of higher prices. It leaves out the obvious - if companies felt they could simply raise prices, they'd do it whether there were taxes or not. After all, why leave money on the table? Conversely, if they feel the consumer is already paying as much as the consumer is willing to bear, they'll be very careful about passing on any increases in their own costs, and if there are any new costs (including taxes) they'll probably absorb the bulk of them. Put another way - he who is desperate pays, and he who is more desperate pays more. If the seller's supply curve is more inelastic than the buyer's demand curve, the seller will absorb more of the taxes - even taxes on the buyer. If the buyer's demand curve is more inelastic, the buyer will absorb of taxes, including corporate taxes. |
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jjeffeoryjjeffeory join:2002-12-04 Bloomington, IN |
to FFH5
You can't alway pass on these taxes to the customers in all business if you can't set your own rates. Believe me, I know from experience. Not all corporations pass increases in tax to their customers. |
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FFH5 Premium Member join:2002-03-03 Tavistock NJ 1 edit |
FFH5
Premium Member
2009-Aug-6 3:15 pm
said by jjeffeory:You can't alway pass on these taxes to the customers in all business if you can't set your own rates. Believe me, I know from experience. Not all corporations pass increases in tax to their customers. True. Those corporations go broke and go out of business or move to Asia. |
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1 recommendation |
to jjeffeory
said by jjeffeory:You can't alway pass on these taxes to the customers in all business if you can't set your own rates. Believe me, I know from experience. Not all corporations pass increases in tax to their customers. In the world of telco's you sure can. When they only ever have one or two competitors, its easy for them to just pass on the tax to their customers. Take a look at your phone bill and look at all the taxes and fees they are passing on to you. |
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to FFH5
said by FFH5:said by jjeffeory:You can't alway pass on these taxes to the customers in all business if you can't set your own rates. Believe me, I know from experience. Not all corporations pass increases in tax to their customers. True. Those corporations go broke and go out of business or move to Asia. Considering the billions in profit Verizon makes each year, and the hundreds of millions in debt it was able to write off with its deal with Fairpoint, and considering they have duopolistic control with AT&T over special access lines through which they can charge artificially marked up prices, I doubt Verizon's going to go broke any time soon. |
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pnh102Reptiles Are Cuddly And Pretty Premium Member join:2002-05-02 Mount Airy, MD |
to sonicmerlin
said by sonicmerlin:There seems to be relatively irrational belief among many conservatives that corporate taxes are simply passed on to consumers in the form of higher prices. It is hardly irrational because it is a 100% irrefutable fact. It is the economic version of the law of gravity. And it isn't just taxes, every business expense is recouped from the customer. said by sonicmerlin:It leaves out the obvious - if companies felt they could simply raise prices, they'd do it whether there were taxes or not. You ignore the fact that a business charges the highest possible price for a given product or service already. If a business raises its prices at this point, it risks losing sales. If sales decline and profit is lost or if after paying the tax there is too little profit (or a loss), the business might decide that providing the given product or service simply isn't worth the money. Either way, the consumer pays the bill. |
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