2 Jun 2025 12:34 pm
Oh, and you're dumb enough to believe that an increase in income tax WOULD NOT AFFECT THOSE PROFITS?!??Cannonpointer » 35 minutes ago » wrote: ↑ Do you speak English as a first language?
Corporations do not lose one penny of profit from being taxed on their income. They lose INCOME, which is DERIVED from profits.
That is why it is called the INCOME tax and not the PROFIT tax, ya **** brick.
And you further believe that corporate execs would simply accept that huge lose in profits and NOT increase their prices to consumers? You think they'll simply accept paying a higher tax WITHOUT increasing their prices to consumers?
Get it through your thick head that taxes they're charged ARE THE SAME EXPENSE to a corporation as are material costs, labor costs, and the costs of increased regulations which ARE ALL LUMPED TOGETHER AS COSTS before a company figures out how much they can charge a customer to insure a certain amount of profit for themselves and their stockholders. If their INCOME is suddenly taxed at a higher rate, are you so dumb that you don't think it will lower their profit if the price of their products aren't increased accordingly?
If you still can't grasp that reality, let me know and I'll give you all the examples you need to educate yourself.