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Cannonpointer
2 Jun 2025 5:17 pm
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98% Macho Man
98% Macho Man
38,156 posts
Zeets2 » 02 Jun 2025, 12:34 pm » wrote: Oh, and you're dumb enough to believe that an increase in income tax WOULD NOT AFFECT THOSE PROFITS?!??
Nope. Not by one penny. 

It would potentially affect their incomes FROM those profits.

You're a slow learner, boy.
Zeets2 » 02 Jun 2025, 12:34 pm » wrote: 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?
I'm sure of it.

See, I believe in supply and demand. You clearly don't.
Zeets2 » 02 Jun 2025, 12:34 pm » wrote: 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?
Their profits are not lowered by their taxes being raised. Their income FROM those profits is POTENTIALLY reduced, depending on their accountant's cleverness.

The nominal tax rate and what people actually pay are very different animals. You CLEARLY do not understand business.

FDR had NINETY PERCENT TAXES on the highest incomes. How many people doyou beleive paid that, son? :rofl:
 
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