3 Jun 2025 10:01 am
Are you going to deny that Chipotle (and virtually every other restaurant in the US) has raised their prices as a result of Biden's inflation?LowIQTrash » 03 Jun 2025, 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).
What evidence do YOU have that they willingly decided to accept and absorb a lower net profit, when they DID raise their prices?
Here, stupid. Read the whole story and show me where it says their corporate office has chosen to accept lower profits!
Educate yourself!:
Chipotle says it's raising prices 2% in response to inflationTraffic at the burrito eatery continues to be steady, an analyst report says.
NBC News Dec. 4, 2024 By Rob Wile
Chipotle said it's raising its menu prices by 2%, a rare direct admission about the impact of ongoing price increases in the economy on its finances.
Chipotle also acknowledged higher food costs that came as it responded to viral online complaints about shrinking portion sizes.
https://www.nbcnews.com/business/consum ... rcna182864