Quote:
Originally Posted by JurisDictum
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The price of something is determined by what people will pay for it. I'm not saying S/D controls everything -- quite the opposite. What this means is: People will only pay a certain amount for milk. As well, people will overpay a certain amount in certain areas. This is how pricing works these days. It's usually done with secret price agreements reached by an oligopoly.
When business says: "raising taxes -- we'll just pass it down to the customer" -- that's a talking point some policy advisor told them to say not the god's honest truth. Sometimes they do pass the tax on to the customer -- but only if it makes since to. They aren't going to charge $2 more for shitty cheap milk because not enough are going to pay 6$ instead of 4$.
Now when all cigarettes are taxed at a flat rate -- price goes up. When the corporate tax raises...cigarettes stay the same price. It depends on the product or the situation.
Corporate tax are popular because when a company gets rich -- it can often pay high levels of tax without negatively impacting prices or salaries of individuals. But that is a ground level view.
The macro view does show how corporate taxes are a way for the rich to put taxes on the expense account instead of paying them on an individual basis. But what Trump did: Cut tax for corporations, Cut tax for individuals (rich ones mostly), and didn't raise hardly any taxes except demolishing home ownership breaks and other breaks (none of them are going to be the ones his donors use).
So yea we got rid of corporate tax...but it isn't accompanied by a shift to taxing the wealthy -- we didn't really make a whole a lot of progress. Unless of course our masters in Washington are planning to let the democrats raise the taxes on the wealthy again.
That would be the virtuous cycle -- getting rid of bad taxes with Republicans and getting good taxes with Democrats. But it requires people understanding there are good taxes and bad taxes. Anyone who doesn't already own a house? Trump just costed you way more money than you ever are going to get in his breaks.
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Corporations do not get rich..shareholders get rich..and most shareholders are the middle class through mutual funds and investments (retirement) accounts.
To put it simply Corporations do not pay taxes unless they
sell something. If a corporation does not sell anything and does not generate any revenue then they pay 0 tax. Tax breaks for corporations improve shareholders value, increases employment and create a welcoming business environment.
But i see you are fully subjective in your view about this issue and it does not matter what anyone else could say to convince you otherwise.