3 Jun 2025 5:29 am
the religion of ^^^^^^ economic theory protecting tomorrows by repeating yesterday's mistakes dawn to dusk, daily here.LowIQTrash » Today, 1:09 am » wrote: ↑ Corporate income taxes are levied on profit, not revenue.
In the real world, Chipotle ABSORBS 25-40% of enflaYshUN, which you conjobs agree is a (universal) tax - mainly on consumption.
In the real world Chipotle decides to abide lower net profit (incl the tax expense) because nobody wants to pay $16 for a chicken burrito. No business owner who owns a successful business is going to close shop b/c of this reduction - in the case of Chipotle, shareholders will live with lower share prices / lower or negative investment returns depending on their entry price (which is exactly what’s happening).