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Corporations don't pay tax even when they do. The tax is a cost passed on to the end consumer. I'd rather see a combination of a progressive consumption tax (ne
by cpursley 11y ago
Corporations don't pay tax even when they do. The tax is a cost passed on to the end consumer. I'd rather see a combination of a progressive consumption tax (necessities < luxuries) combined with trade tariffs that's appropriate for the country being traded with. This would circumvent the shell company trick.
- dragonwriter 11y agoYes, corporations pay tax, even when it looks like they just pass it on in prices, since they lose after tax income (except in the unusual case where price does not affect volume sold so long as competitors face the same price increase.)
- throwaway2048 11y agoThe idea that all taxes are just costs passed onto the consumer is patently abusrd, if they could easily raise prices to that level and have people pay, they already would have. It effects profit margins much more than it does the prices they set.