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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! |
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