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

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