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re: Explain to me the new tax increases
Posted on 4/1/21 at 2:07 pm to bird35
Posted on 4/1/21 at 2:07 pm to bird35
quote:
They want to raise the corporate tax rate. Every penny of increased taxes the corporations have to pay you will pay in increased taxes.
If they raise the corporate taxes on Kraft 10% then the price of every Kraft item goes up 10%.
Not only that, but it also means less profit for Kraft, so their employees can expect less in raises and bonuses.
1
Posted on 4/1/21 at 7:37 pm to jrodLSUke
Higher corporate taxes will be passed to the consumer.
Biden is listening to MMT people who think hyper inflation can be avoided.
When you raise taxes on people, then raise taxes on products (Via corporate taxes) prices on everything will go up.
Biden is listening to MMT people who think hyper inflation can be avoided.
When you raise taxes on people, then raise taxes on products (Via corporate taxes) prices on everything will go up.
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