3 Jun 2025 12:17 pm
You're an idiot whose inexperience in business and economics is exposed with each of your moronic posts!Cannonpointer » 60 minutes ago » wrote: ↑ Entertaining your clumsy, pre-pubescent word problem is a DISTRACTION from the argument, low-brow.
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.
If a fellow who owns a factory has his income taxes LOWERED, his accountant does not change the bottom line on that factory - the profits remain the same. If he has them RAISED, his accountant does not change the bottom line on that factory. The profits are not affected by tax rates - the INCOME from those profits, and all other sources (trust funds, real estate, investments, etc.) is affected.
When inputs go up, costs go up, and prices almost always go up.That's the only way to stay in business. But when a man's TAXES go up, that is HIS costs going up - not his factory's costs. Not his COMEPETITORS' factories costs. So the market is not affected. He cannot just raise his prices willy nilly, knowing that many of his competitor have decent accountants and tax attorneys who can get their taxes to nothing. If he cannot do the same, he just has to eat it. Because the market will not allow him to raise his prices out of pique. His wrath against the tax man CANNOT effectively become a punishment to consumers. And it is quite stupid to suggest otherwise.
You've been schooled - clASS dismissed.
Here's why.
If your business shows a $1 million dollar profit and a government puts a 90% tax on your profits, they take $900,000 of that profit and leave you with $100,000 profit. If they then LOWER the tax to 50% of your profits, you now have a $500,000 profit remaining. And if they later cut that corporate tax to zero, YOUR $1 MILLION DOLLAR PROFIT REMAINS UNTOUCHED! But if they leave that corporate tax at 90% and your business can't survive with earning ONLY $100,000 profit for your shareholders, you're likely to need to raise the prices for your product or watch as additional new investment in your company dries up and your unhappy shareholders begin to sell off your stock.
And if your personal income taxes are lowered, IT HAS NO BEARING WHATSOEVER ON YOUR CORPORATE TAXES! But it WOULD CERTAINLY increase your personal income, because what you previously were paying in income tax now stays in YOUR pocket!
Do yourself and your family a favor and stay out of starting your own business until you can understand that, fool!