Thread: Corporate income tax, a silly idea
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OmDeFlume OmDeFlume is offline
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First recorded activity by BoatBanter: Mar 2011
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Default Corporate income tax, a silly idea
On 4/8/2011 1:18 PM, wrote:
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.
And you do? Snerk
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