On 08/04/2011 3:05 PM, bob 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.

the consumer of that PRODUCT does. as they should. not everyone buys
all products

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.

uh no. in fact you can exclude taxes, as we do here in PA, on food and
clothing while taxing other items. and sales taxes are really
consumption taxes. if you want to encourage savings, boost sales taxes

Funny, the real people who get screwed with consumption taxes are lower
middle class and poor. If I buy a second home in Ecuador, I done pay
state taxes. But the poor sucker who can't afford a send home out the
country gets it on his auto purchase.

And more and more people look at taxes before moving. You bet, as the
more the government gets the less you get. Hey, when rich move they
take their highly taxed incomes and spending with them.

of course in this economy that would be a disaster which is why the
GOP has made sure this is EXACTLY how state taxes are structured in
the US

Sorry, dream on with your rhetoric. Even if you believe your BS,
doesn't mater. Your government is pooched on debt and inflation is
going to bit you hard.