YES!
Nailed It !
Corporations DON’T PAY TAXES! They pass them on as a cost of doing business.
Precisely
YES!
Nailed It !
That’s true but they have to react to the tax as if they did. They can pass the added cost along if the market will bear it but if it won’t they have to eat it.
However Berkshire Hathaway paid $9.2 billion in taxes 2016, Walmart paid $6.2 billion, Apple paid $15.8 billion..
https://www.forbes.com/pictures/58f3a0924bbe6f1aff45eac0/general-motors-—24-billi/#5efcd26f31eb
I want to know that it is less revenue. I want to know that it is far less spending. If they take your deductions — THAT IS A TAX INCREASE!!We are not stupid!
Even worse, they come off your wages. It’s actually a hidden tax on individuals.
Shhhhhh, they want to keep that quiet.
On the flip side - reduce the corporation taxes, that they don’t pay, and the effect should be to reduce the costs (taxes) their customers pay...I’m a customer of a number of corporations/businesses.....
Man...I have such mixed feelings about this. One hand, I think it's just wrong, wrong, wrong. The other, well...they create the jobs.
With that said, we are seeing a much different capitalism these dayz. Healthy profits don't necessarily translate into jobs here in America nor raises/bonuses/benefits.
I can tell ya from experience, the tech industry hauled in hundreds of billions, all the while cutting benefits/salary increases to the bone and shipping positions overseas or flooding the corps with indentured servants from India/China through H1-2B programs.
Top level management $$cashing$$ in on hundreds of millions in perks/bonuses/stock options. Sucking wealth upward...not downward. Profit sharing...gone. Stock options...gone, Performance awards...gone, salary increase...all but gone.
