[Goldwingnut]

Originally Posted by Altavia

Analysis. Costco Wholesale's effective tax rate for fiscal years ending September 2019 to 2023 averaged 24.2%. Costco Wholesale's operated at median effective tax rate of 24.4% from fiscal years ending September 2019 to 2023.


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A great misconception here, they didn't pay a dime of taxes out of their profits, the taxes were taken out before profits. Businesses don't pay taxes, they collect taxes and pass them on to the government, the customer/end user pays the taxes. If you raise taxes on a business they raise their price to cover the increase in costs. To a business taxes are no different of an expense than labor, material, fuel/energy, etc., it's just another part of the cost deliver the product that will be marked up to make their final profit. Any business that doesn't understand this concept and operate in this manner quickly goes out of business.

The big lie in Washington DC is to raise corporate taxes and not raise taxes on the people, total BS, the people will always pay the higher tax bill.