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re: Abby Phillips is really dumb. Says that corporate taxes do not raise prices
Posted on 9/18/26 at 8:53 am to Marshhen
Posted on 9/18/26 at 8:53 am to Marshhen
quote:
It’s obvious that you have zero experience running a business.
I was self-employed (meaning that I owned my own businesses, plural) for my entire adult career. Retired at 53 (that means I was good at it).
Do you dispute that no corporate income taxes are due if the company doesn't make a profit?
Posted on 9/18/26 at 8:57 am to dgnx6
quote:
Multiple studies show that consumers carry a massive portion of the tax. A 2020 study published by the National Bureau of Economic Research (NBER) found that roughly 31% to 50% of corporate tax increases are passed directly to consumers via pricier goods.
Yes. That's exactly what I said.
Because multiple studies also show that over 90% of the tariffs Trump has imposed have been passed on to consumers.
Since 90% > 31%-50%, that is EXACTLY. WHAT. I. SAID.
quote:
One thing about tariffs is they count as a business expense.
That's true, although they aren't as simple to deduct as other expenses.
I made two claims:
1. Tariffs are much more likely to be passed on to consumers than corporate income taxes
2. They aren't the same.
Thanks for agreeing with me on both points.
Posted on 9/18/26 at 9:26 am to Bestbank Tiger
quote:
They'd be treated the same way.
They are not treated the same way. Taxes are taxed in the same currency as the business buys and sells in. Tariffs involve exchanging foreign currencies. This means one sure difference, and also another likely difference:
1. The currency of the tariffing nation will increase relative to the currency of the tariffed nation. This reduces the cost of the tariffed good. That does not necessarily mean the price will not go up, but there is at least that discount which you do not get in domestic tax structure. 2. Allowance for currency manipulation: either legal or illegal.
So Abby's point is even dumber.
This post was edited on 9/18/26 at 9:33 am
Posted on 9/18/26 at 9:58 am to bbvdd
I own several businesses.
Every single expense I have are passed on to customers.
I guarantee Abby has never signed the front of a corporate check, just the back.
Every single expense I have are passed on to customers.
I guarantee Abby has never signed the front of a corporate check, just the back.
Posted on 9/18/26 at 11:04 am to bbvdd
quote:
This is a discussion about tariffs. Abby Philips makes the statement that corporations don’t pass corporate income taxes onto the consumer.
How fricking stupid.
Democrats are fricking retarded.
Posted on 9/18/26 at 11:56 am to dgnx6
quote:
One thing about tariffs is they count as a business expense. Lowering your taxable income.
What is the corporate tax rate for a business when the business expenses exceed their revenues?
Posted on 9/18/26 at 12:07 pm to Bestbank Tiger
quote:
They'd be treated the same way. They're both a tax on business and therefore are factored into the price of bringing goods to market.
They aren't treated the same way by businesses. If a foreign company wants to compete in a target market where that company's product is subject to tariffs, that company can't just charge people more than a company housed within that country can charge if it wants to compete.
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