3 Jun 2025 12:50 pm
GOD, but you're dumb!Cannonpointer » 25 minutes ago » wrote: ↑ There is no tax on profit, stupid. It's an income tax, not a profit tax.
Jiggling prices up does not solve the problem (which does not exist) that you are putting forward.
If a company can bloody well DOUBLE their prices and DOUBLE their profits - which they cannot, - they will stil, under your scenario, make **** on their money. But there is no tax on profits, so you're just being stupid and conflating an income tax with a tax on profits.
Now, Jimma Cawduh had a tax on profits. That is a very distinct thing, and his windfall profits tax was tailored to a single industry caught gouging illegally. But you continue to prove ineducable.
Stay stupid, my friend.
Corporations DO NOT PAY INCOME TAXES, you **** idiot!
If they have NO PROFIT or if they lose money in a given year, THEY PAY NO CORPORATE TAXES, whether that tax rate is 10% or 40%!
I've had several years in business where I was able to show a loss AND I PAID NOTHING IN CORPORATE TAXES despite having over a million dollars each year in business income. And what you're ALSO probably unaware of is the fact that in many cases, business losses can be carried over to reduce the tax on your profits in succeeding future years.
So stop pretending you know anything about how a business operates because you're completely clueless!