04-29-2024, 07:44 AM
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Sage
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Join Date: Jun 2019
Posts: 3,521
Thanks: 1,478
Thanked 2,818 Times in 1,272 Posts
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Quote:
Originally Posted by Goldwingnut
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.
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Precisely!
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