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Started By
Message
re: EVERYONE will pay higher taxes
Posted on 9/26/21 at 7:18 am to Errerrerrwere
Posted on 9/26/21 at 7:18 am to Errerrerrwere
quote:
Why do y’all even give these types the time of day. He literally lives in Europe.
She actually lives in NYC, unless she lied about that too.
ETA
She spews lies pretty regularly, so she may indeed live elsewhere.
This post was edited on 9/26/21 at 7:27 am
0
Posted on 9/26/21 at 7:25 am to Quintus
quote:
Taxing corporations will not significantly increase the price of luxury items, but it will reduce corporate profit on those items.
There are a lot of factors that come into play.
Where is the competition for these luxury goods coming from? Will the competition be able to maintain their pricing (a lack of tariffs/ no new tariffs), does their supply chain see the impacts of tax increases, do they have to raise wages in addition to adjust for increased inflation, etc.
Your statement does not occur in a vacuum.
As such, ALL of the above will probably (more than likely) result in increased costs to the consumer. In many instances, that will mean less sales, which means a tighter expenditure structure.
I just don’t see an upside to the average person trying to make ends meet.
Posted on 9/26/21 at 7:36 am to jimmy the leg
So Trumps tax cuts last year produced the most REVENUE in our governments history . And more REVENUE happens every time their is a TAX cut . Even JFK realized this . We do not have a REVENUE problem . We have a SPENDING problem. So if taxes are raised and government knows they will produce less REVENUE, what is the purpose of raising taxes on any class of people rich or poor ?
Also , taxes are always passed under a “ let’s soak the rich “mentality and after they are passed it becomes “ you just soaked yourself “
Also , taxes are always passed under a “ let’s soak the rich “mentality and after they are passed it becomes “ you just soaked yourself “
This post was edited on 9/26/21 at 7:39 am
Posted on 9/26/21 at 7:47 am to Eurocat
quote:
Yes they do.
Your cognitive dissonance is showing.
You jumped right into the safety of technicality.
But practically, corporations don't pass along tax revenues that they haven't collected from customers.
Posted on 9/26/21 at 7:59 am to Eurocat
quote:So the next question obviously is would you change collegiate plans and instead send your kids to Community College if it was free?
Would paying for community college for your kids be a lifestyle altering type expense for you?
No, I was just answering the poster who said I would get absolutely nothing.
If the answer is "no" as I suspect it is, once again your ROI in terms of taxes stinks (assuming you're one of the ~39% of Americans who actually have to pay income taxes)
Posted on 9/26/21 at 8:02 am to Eurocat
What made your brother choose a corporation as the holdco for his restaurants?
Posted on 9/26/21 at 8:16 am to Strannix
When democrats are in charge...EVERYONE PAYS A PRICE,!
Posted on 9/26/21 at 8:20 am to Quintus
quote:
Goods are priced to value.
And the cost of bringing it to market includes taxes. Taxes increase the cost of doing business, which either reduces margins or increases the base value (the bare minimum to bring a product to market). Companies generally pass that cost through as a part of their cost, then add margins to make profit. Thus customers pay that increased cost yet the company makes the same margin.
Posted on 9/26/21 at 8:25 am to trinidadtiger
quote:
..when is the last time you saw a corporation thrown in jail for price fixing. If the govt was serious all of Pharma would be in prison decades ago, along with all the energy companies and half the consumer product companies.
This is a fair point. But are you suggesting that we should tax people who work for corporations instead of corporations themselves because corporations will just price fix and therefore there will be no tax revenue? That is not a solution.
Posted on 9/26/21 at 8:27 am to Heyes
quote:
So Trumps tax cuts last year produced the most REVENUE in our governments history . And more REVENUE happens every time their is a TAX cut .
Brainwashed
quote:
We do not have a REVENUE problem . We have a SPENDING problem.
We have both. The revenue problem arises from needing to service the debt and only taxing the middle class. The spending problem often comes from knee jerk reactions to avoid economic collapse.
This post was edited on 9/26/21 at 9:07 am
Posted on 9/26/21 at 8:27 am to Concerned Senior
Are you nice and hedged concerned senior? The crypto opportunities existing in utility networks that now exists for us to grab onto as this inflation starts soaring is a godsend as i see it.
Posted on 9/26/21 at 8:55 am to Eurocat
So you voted for Biden in hopes that he will tax other people and give their money away to you?
Posted on 9/26/21 at 9:13 am to ShoeBang
quote:
Companies generally pass that cost through as a part of their cost, then add margins to make profit.
Somewhat. Corporations are generally not able to pass along all of the increased costs. Typically they will either eat the cost, or export to another market.
quote:
Thus customers pay that increased cost yet the company makes the same margin.
So YOU would rather be taxed more, than pay higher prices for goods you buy? Prices of goods are limited by the market, not by fixed corporate profit. If a corporation could charge more for their good, and the same number of people would buy it, then they would, independent of the tax structure.
Prices are set based on perceived customer value.
This post was edited on 9/26/21 at 9:18 am
Posted on 9/26/21 at 9:16 am to Eurocat
quote:
Yes they do.
The point was the corporations get their tax money from us.
Posted on 9/26/21 at 9:19 am to Eurocat
Shameful that a grown man like yourself can be so economically illiterate.
Posted on 9/26/21 at 9:20 am to Eurocat
quote:
Not true, I can send my kids to community college for free if his policies work instead of having to pay for it.
Only the diseased mind of a Marxist/socialist is capable of spewing such drivel. Hey fool! There ain't nothing free. Your "free" community college is either paid for by the sweat of the working man's brow (taxes) or it's government debt put on the backs of the working man that will never be paid back. See if you can dust off your old college Econ 101 course book and brush up a little before typing such nonsense.
This post was edited on 9/26/21 at 9:23 am
Posted on 9/26/21 at 9:25 am to Bass Tiger
quote:
Your "free" community college is either paid for by the sweat of the working man's brow (taxes) or it's government debt put on the backs of the working man
I totally agree with this. There are many reasons not to make college free. Increase in debt, reduction in quality, lopsided skill set in the work force, and it perpetuates the lie that any college degree will guarantee a certain quality of life.
It just feels like vote buying and needlessly appeasing the far left of the Democratic Party.
This post was edited on 9/26/21 at 9:27 am
Posted on 9/26/21 at 9:27 am to Strannix
Nuh uh...
Xiden say only the mean rich trump supporters and corporations deserve to pay more.
Xiden say only the mean rich trump supporters and corporations deserve to pay more.
Posted on 9/26/21 at 9:28 am to Quintus
Most REVENUE in country’s history. . Not brainwashed. Go to federal governments REVENUE collected for 2019 …3.46 trillion dollars. 2020 …. 3.71 trillion dollars. (Estimated for 2020 ) This is most ever … EVER. Understand our government doesn’t produce anything. … it takes from us. REVENUE to the government is what they fleece from us
Posted on 9/26/21 at 10:06 am to Heyes
quote:
Most REVENUE in country’s history
You could say this every year in US history and it would be true 98% of the time whether taxes were raised or lowered. The only consecutive years where this would be false is during the entire W Bush presidency. If you look at the year over year increase in tax revenue, the Trump years are not impressive from that standpoint.
You are brainwashed because you hear someone say this, and believe it justifies your whack economic theory. There is nothing to suggest it is the result of a minuscule effective corporate tax rate, or that the increase in revenue is even significant. As if Trump was the first politician to lower corporate taxes. He has cracked the economic code, and now the government has no revenue concerns. That’s brainwashed.
National debt just before Trump took office 21 trillion. National debt just before discovery of Coronavirus 27 trillion. If Trump had the government swimming in revenue, didn’t support any social programs (not that I do), and drained the swamp, where did all the money go?
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