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Harryk Harryk is offline
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First recorded activity by BoatBanter: Dec 2010
Posts: 1,909
Default Corporate income tax, a silly idea

Frogwatch wrote:
A corp makes a gadget and needs 10% profit. They get taxed at 20% on
that 10% profit (or .2*.1=.02) so they simply increase their price by .
02. Guess who pays that .02? The consumer does. Corporate income
tax is simply a way to make personal income tax higher without making
it so obvious. The only people it benefits are accountants.



snerk