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>This is money that you're spending with these companies for them to go buy their own stocks, reducing their tax burden. No. Companies pay tax on profit, then
by ChrisLomont 4y ago
>This is money that you're spending with these companies for them to go buy their own stocks, reducing their tax burden.
No. Companies pay tax on profit, then use post tax profit to buy back stocks. Learn tax law before making up stuff.
> You realize the creative accounting companies do to make their profit as close to zero right?
Anything they do illegal under tax law should (and is) prosecuted. There is no need for any entity, whether it be a person, a company, a non-profit, a charity, any entity, should pay more in taxes than the laws states.
>Do you have evidence price gouging isn't happening?
Yes, it does not show up in economic analyses of companies. Economists who also study such things have written they also don't fund evidence.
So, now do you have evidence there is any sector wide gouging, other than hand wavy pop culture feelings and rambling?
I told you really solid evidence that the allows checking the pop ignorance on the issue. Now provide the solid evidence to the contrary. Invoking wizards and magic and conspiracies is not evidence.