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No they don't...not technically! Let's not spin it or parse words.
Every Corporation and/or business will add the cost of whatever tax the government extracts to the price of their service/product and pass that plus the cost of overhead/accounting/legal that the record keeping costs them to the next level(s) necessary to complete their service/product and the final accumulative costs of this tax collection is paid for by the end consumer.
It would be far less expensive for the end consumer if these Corporations and businesses paid absolutely no taxes with the cost of paying those taxes added at each level. This includes suppliers that provide parts/services, etc., to products and other services (gotta buy tools, protective gear, vehicles, etc., etc.,) Just take one product you use and go back up the line and realize that every single business and/or Corporation that is involved somehow to produce what you end up with will have added all as stated above and some will have added other incurred costs. Mind boggling, isn't it?
I understand that, I'm not opposed to that.But the businesses create the jobs, it's not good to give them too many burdens.
No.
The corporate tax in the USA = 35%.It's the second largest in the developed world (Japan is first = 40%, but they want to cut it).
It's just too high, most of economists say it
not sure what you are agueing
yes we have the 2nd highest corporate taxes(35%)...but corporations get that money to pay that tax from somewhere, and that would be the consumer...we pay their taxes, based on marked up prices
the price of product xyz is based on cost to produce to include employees, and property taxes, electric bill, and the corporate taxes
do they really think it costs $20 to produce a 10" table saw blade...nope that's the retail price which include ALL markups to include taxes for ALL steps of the process
Exactly, and as I stated above...there are almost always several different businesses contributing to the end retail product, so the consumer pays all their costs plus profit for each one including paying the cost of their taxes.
I understand that, I'm not opposed to that.But the businesses create the jobs, it's not good to give them too many burdens.
Quote:
Originally Posted by lorrysda
Exactly, and as I stated above...there are almost always several different businesses contributing to the end retail product, so the consumer pays all their costs plus profit for each one including paying the cost of their taxes.
yes that's why getting rid of the corporate tax (and the income tax) and going to a fair-tax would be the best. prices will even come down on products
if fact studies show the government would make more money with the fairtax
yes that's why getting rid of the corporate tax (and the income tax) and going to a fair-tax would be the best. prices will even come down on products
if fact studies show the government would make more money with the fairtax
True. But I prefer national sales tax because we have no control over how much the government takes out of our income...but we do have control over how much of our income we spend, thus we can much more easily control our expenditures to stay within our means. Personally, I want to be in total/100% control of any income I earn.
Plus I believe even more revenue would be generated, since the sales tax would capture all $'s spent, including those illegal and hidden income.
True. But I prefer national sales tax because we have no control over how much the government takes out of our income...but we do have control over how much of our income we spend, thus we can much more easily control our expenditures to stay within our means.
Plus I believe even more revenue would be generated, since the sales tax would capture all $'s spent, including those illegal and hidden income.
True. But I prefer national sales tax because we have no control over how much the government takes out of our income...but we do have control over how much of our income we spend, thus we can much more easily control our expenditures to stay within our means. Personally, I want to be in total/100% control of any income I earn.
Plus I believe even more revenue would be generated, since the sales tax would capture all $'s spent, including those illegal and hidden income.
the fair-tax..is a national consumption (sales) tax
Any job gain, during a month, that is less than the number of jobs that need to be gained to keep up with population growth, is really not positive job growth, but only “nominal” growth. Population growth acts as “inflation’ to the job market. It has to be adjusted for population growth or it’s somewhat meaningless. Just as, for example, if your boss told you that you were going to get a 5% increase in pay this year. However, if inflation is running 8% a year, then your pay is actually decreasing by 3% in REAL (adjusted for inflation) dollars. The same is true for job growth. Job growth must be adjusted against population growth in order to measure if we are in recovery or still losing ground. Right now we are still losing ground but at a much slower pace than previously. In other words, we have gone from the free fall of gravity, 32 ft/s², to around 2 ft/s². In other words, instead of nose diving we are now gliding down as a result of the stimulus.
One must remember that what goes up must come down. In order to descend one must first ascend. So if people are looking for those to blame, blame those responsible for the nations rise because if it had not risen then it could not have fallen.
Last edited by Indentured Servant; 08-04-2010 at 12:41 PM..
no they didnt CUT taxes...they did NOTHING to the rate...it was a temporary tax CREDIT...and it was not the largest
It was the largest tax break in US history. Period.
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