 tschmidtPremium,MVM
join:2000-11-12
Milford, NH
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 ·Fairpoint Commun..
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| reply to pnh102
Re: Shocking? said by pnh102:They have and always will simply pass those taxes down to the consumers in the form of higher prices. The short answer is is all depends, it depends on how much price elasticity there is. They have other options besides raising prices, they could improve productivity or take a profit hit.
Not to take this too far off topic, but I agree with your basic premise about taxing corporations, ultimately the end user has to foot the bill. Taxing companies in the era of multinational corporations with well funded lobbyist is a fools errand. Makes sense to limit corporation taxation to the actual demands they make on government, this is typically at a local level. Eliminate other corporate taxes, pass profits to stock holders and tax capital gains at the same rate as ordinary income. I see no reason why the money I earn from investments should be taxed at a lower rate then income. Doesn't seem like a very fair system to me.
/tom |
