Yesterday 1:09 am
Corporate income taxes are levied on profit, not revenue.Zeets2 » Yesterday, 12:52 pm » wrote: ↑ OK nitwit, you deserve this humiliation for being such an indolent moron.
Let's say Mommy (the government) gives you a bag of lemons, cups, and a pound of sugar to (understandably) get your dumb *** out of the house for a few hours, and gives them to you at no charge. You have set up your lemonade stand and earn $1 a cup, and you sell 10 cups and make $10, a 100% profit on that first day. The second day, Mommy tells you you need to pay HER 50% (income tax) of your earnings to cover the cost of those same supplies she gave you for free the day before. Now your profit DROPPED by 50% if you kept the same price of $1 to your customers, so you only made $5 in profit DUE TO THAT NEW TAX. The next day, Mommy tells you that the supplies you're using cost MORE than $5, so she'll need you to pay a new rate of 75% of your profit. And since you wouldn't be happy earning only $2.50 for your day's work, YOU WOULD RAISE THE PRICE OF YOUR PRODUCT to earn a profit that will make it worthwhile for you. And if you learn that people are unwilling to pay for your lemonade at $1.50 or $2 a cup, YOU GIVE UP THE BUSINESS!
That's an experience any 6 year old would have learned quickly and at an early age.
The question is, why did a dunce like YOU fail to learn that lesson, but fail to even understand it?
And the answer is simple! YOU'RE A **** ECONOMIC MORON!
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.