3 Jun 2025 12:07 pm
You left out one little detail. AI says you were too stupid to even ride the short bus.Cannonpointer » 03 Jun 2025, 11:19 am » wrote: ↑
You think taxing income hurts profits. You are therefore stupid. Taxing income does nothing to profits. It taxes INCOME - which come from profits, and many other sources in many or most cases.
Corporate taxes are a direct expense for companies. A higher tax rate means a larger portion of their earnings goes towards taxes, leaving less as after-tax profit.
How the company responds: To mitigate the impact of higher taxes, businesses may:Increase prices: Pass on the higher cost of doing business to consumers through higher prices.Reduce costs: Look for ways to cut expenses, which could include slowing wage growth or reducing investments.Lower returns to shareholders: Result in less money available for dividends or share buybacks, impacting shareholders.