Just why would I not lower my prices if taxes decreased?
The greatest thing going for our economic system is competition. If cost go down someone will lower prices. Once only one of my competitors lower their prices I will have to follow suit just to keep my customers.
Since business does not pay taxes, consumers pay taxes, why do we bother with them in the first place. It would be much more efficient to not pay business taxes. Business would be much more competitive in the world markets, we would all be happier. We would certainly have to make up the loss of income to the goverment from somewhere but then we would at least see the true taxes we are paying.
Business tax is only a slight of hand that politicians play so that we don’t see some of the taxes they are making us pay. The consumer pays all the hidden taxes.
We are so dumb.
If you are a corporation with stockholders and laters of bureaucracy, then do you give this money to the consumer? Or, do you find other ways to spend it?
Do your customers buy on price alone? If so I feel for you.
If the cost of a domestic software engineer goes down 7.625% but you can hire one in Bangalore yet 30% cheaper, do you raise the domestic wage 7.625% or do you use H1-B to bring a foreigner here to learn the nuance of the business and move that resource offshore once he is trained?
Why would your competitors not keep that money? Consumers aren’t given an itemized bill including “Federal corporate income taxes”.