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[email protected] emdeplume@hush.com is offline
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First recorded activity by BoatBanter: Oct 2010
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Default Corporate income tax, a silly idea

On Fri, 8 Apr 2011 09:06:09 -0700 (PDT), 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.


Idiots like you have no clue about how things actually work.