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re: What's the argument against raising the corporate tax rate?
Posted on 9/3/25 at 12:23 pm to Grumpy Nemesis
Posted on 9/3/25 at 12:23 pm to Grumpy Nemesis
quote:
Sheesh. OP is a moron
OP is a version of an IQ test
This post was edited on 9/3/25 at 12:23 pm
0
Posted on 9/3/25 at 12:30 pm to Ingeniero
You don't understand that the tax burden is borne by the consumer, the employees, or both? As a CEO, what would you do when the government increases taxes? You going to quit the country club, trade your Mercedes for a Ford, and start carrying your lunch? Or are you going to raise the price of your product, pay your employees less, reduce their benefits, have fewer employees, or a combination of all of these?
Posted on 9/3/25 at 12:31 pm to Ingeniero
Corporate taxes are paid by consumers.
Posted on 9/3/25 at 12:33 pm to VoxDawg
quote:
Corporations do not pay taxes.
They collect them.
Consumers at the retail level pay ALL corporate taxes.
Kinda like tariffs huh?
Posted on 9/3/25 at 12:34 pm to troyt37
quote:
You don't understand that the tax burden is borne by the consumer, the employees, or both?
He does. Hes not pushing corporate taxes.
This thread is an exercise and some are setting themselves up to be hypocrites.
Posted on 9/3/25 at 12:35 pm to Ingeniero
quote:
What's the argument against raising the corporate tax rate?
It's going to cause inflation.
Posted on 9/3/25 at 12:35 pm to RogerTheShrubber
quote:
This thread is an exercise
Posted on 9/3/25 at 12:36 pm to Seldom Seen
quote:
Kinda like tariffs huh?
Almost, but not quite. With tariffs, consumers can choose to pay it or not. They can usually source from a domestic manufacturer and not pay the tariff. But if you raise corporate taxes the consumer has no choice.
Posted on 9/3/25 at 12:37 pm to Ingeniero
quote:
What's the argument against raising the corporate tax rate?
Corporations don't pay taxes. Neve have paid one penny of tax and never will. Unlike you and me, they are blessed with someone to pay their taxes for them: (1) their customers who pay those taxes in the form of higher prices, and (2) their employees who are forced to accept lower wages and reduced benefits.
I've long thought that all income taxes should be abolished and replaced with a national sales tax. That way, the consumer is in charge of how much he/she pays in taxes.. Want to drive a BMW? Fine, but you'll pay more in taxes than the guy who drives a mid-range Chevrolet. Want to eat at a 5 start restaurant versus Ryan's? Same thing. Also abolishes the bureaucracy of the IRS (or much of it) and gets all illegal aliens paying taxes. Prices do go up at the store, but you're bringing how all of your paycheck.
Problem: Congress would NEVER give up that much power, D's or R's.
Posted on 9/3/25 at 12:39 pm to Ingeniero
quote:
What's the argument against raising the corporate tax rate
Besides the fact that corporations will just raise prices to compensate and everything will cost even more than it does now?
Posted on 9/3/25 at 12:43 pm to Ingeniero
A high corporate tax rate is an economic wet blanket. Lower rates make American domestic production more attractive and help stimulate job creation both of which generate more tax revenue.
Posted on 9/3/25 at 12:44 pm to Broadside Bob
quote:
I've long thought that all income taxes should be abolished and replaced with a national sales tax. That way, the consumer is in charge of how much he/she pays in taxes.. Want to drive a BMW? Fine, but you'll pay more in taxes than the guy who drives a mid-range Chevrolet. Want to eat at a 5 start restaurant versus Ryan's? Same thing. Also abolishes the bureaucracy of the IRS (or much of it) and gets all illegal aliens paying taxes. Prices do go up at the store, but you're bringing how all of your paycheck.
The way to get there is to abolish withholding. Make every person cut a check to Uncle Sam for their taxes. They can choose monthly, quarterly, whatever, but they have to make a tax payment. Having taxes withheld was a master stroke by the government. people don't even realize how much the government steals until they see their W2.
Posted on 9/3/25 at 12:45 pm to troyt37
quote:
Almost, but not quite. With tariffs, consumers can choose to pay it or not. They can usually source from a domestic manufacturer and not pay the tariff.
Find me a US made TV that’s 35% cheaper than one made in China. This post was edited on 9/3/25 at 12:46 pm
Posted on 9/3/25 at 12:47 pm to Ingeniero
Higher corporate tax rates force Americans to pay more for American made items. Tariffs drive up cost of goods coming from other countries and encourages companies to move here and create jobs . Corporations in the US are passing the taxes on to the consumer . We should just go to a national sales tax , the. Everyone would pay their fair share .
Posted on 9/3/25 at 12:50 pm to Ingeniero
Its been answered Higher Corporate taxes along with ridiculous regulation hinder growth, investment and Hiring
Posted on 9/3/25 at 12:52 pm to tjv305
To increase corporate taxes will present the same problem tariffs supposedly cause, increased price to consumer.
Posted on 9/3/25 at 12:54 pm to Taxing Authority
quote:
Find me a US made TV that’s 35% cheaper than one made in China.
Hell...find me a US made TV
Posted on 9/3/25 at 12:57 pm to troyt37
quote:
But if you raise corporate taxes the consumer has no choice.
Wrong
Posted on 9/3/25 at 12:58 pm to troyt37
quote:
Almost, but not quite. With tariffs, consumers can choose to pay it or not. They can usually source from a domestic manufacturer and not pay the tariff. But if you raise corporate taxes the consumer has no choice.
So, just do with less stuff. I mean, you don't need all of that cheap shiite made by corporations, even if it is made in America.
Posted on 9/3/25 at 1:10 pm to ThuperThumpin
quote:
Hell...find me a US made TV
You are much more likely to find one with the tariffs than without.
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