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HarryisPaul HarryisPaul is offline
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First recorded activity by BoatBanter: Feb 2011
Posts: 285
Default Corporate income tax, a silly idea

In article ab9626d9-57da-4c2a-b443-d801a9b72173
@c26g2000vbq.googlegroups.com, says...

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.


Harry thinks no one should make a profit, but then tries to get others
here to believe just how well off he is!