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re: Corporate income tax is borne primarily by labor and workers, research shows.
Posted on 11/8/17 at 1:20 pm to HailHailtoMichigan!
Posted on 11/8/17 at 1:20 pm to HailHailtoMichigan!
My business collects sales taxes for the govt. Our customers pay them.
We are simply the middle man.
Corporate taxes are taken from corporate profits. Profits too come from the customer but in this case the govt, gets a percentage not the entire amount.
If corporate taxes are lowered and profits remain the same, corporations come out ahead, but what they do with additional profits is everything.
Will they give raises, invest it, improve their companies, etc. ?
Probably all of the above.
We are simply the middle man.
Corporate taxes are taken from corporate profits. Profits too come from the customer but in this case the govt, gets a percentage not the entire amount.
If corporate taxes are lowered and profits remain the same, corporations come out ahead, but what they do with additional profits is everything.
Will they give raises, invest it, improve their companies, etc. ?
Probably all of the above.
3
Posted on 11/8/17 at 1:25 pm to doubleb
quote:
If corporate taxes are lowered and profits remain the same, corporations come out ahead, but what they do with additional profits is everything.
Will they give raises, invest it, improve their companies, etc. ?
Probably all of the above.
But but but corporate fatcats!!!
Posted on 11/8/17 at 1:54 pm to doubleb
quote:
If corporate taxes are lowered and profits remain the same, corporations come out ahead, but what they do with additional profits is everything.
Correct. What they actually do is everything. They don't have to give it to their employees. In fact, it is unlikely that they will chose to give it to their employees.
Let's say I will give you $1 million, no strings attached. Will you chose to give it away to people who have helped you? Or will you put it in your own pockets?
The idea that tax cuts get passed on to workers is kind of ridiculous.
Posted on 11/9/17 at 9:02 pm to doubleb
One significant option is that lower operating costs thru lower corporate taxes could lower product prices which mean both lower cost of goods to consumers and better competitiveness with overseas producers which should mean more products produced and a better trade situation implying more exports and reduced imports.
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