For the umpteenth time: Corporations do not pay taxes. Their customers pay those taxes, it’s built into the cost of their products and services. It’s a line item on their income statement.
True. I hope Trump and other Republicans will talk about this in the upcoming campaign.
I remember Ronald Reagan had said this as well.
And what is never talked about is that many businesses operate on narrow profit margins. Increasing the cost of doing business will result in higher prices to be charged for whatever goods and services a business provides.
Unlike the federal government, businesses cannot absorb operating losses indefinitely.
Absolutely true. I have run my own softeare development company for 30 years. I have a detailed spreadsheet to calculate my prices and taxes are part of it.