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2021-05-03 Home Front: Politix

Sen. Susan Collins pushes back on 28 percent corporate tax rate

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Posted by Fred 2021-05-03 00:00|| || Front Page|| [8 views ] Top

#1
Eco-101 Businesses and Corporation don't pay taxes.
Consumers Pay the Taxes.
Because any tax added to a business only gets passed along to the purchaser.

An I thought these Socialist-Democrats were an suppose to be a College educated bunch.

BTW: (Rough figures) A middle Class worker making 50-60kK a year likely pays over 25+% in State/Fed Income/SS taxes.

Then likely another 20+% in hidden taxes at they purchase products like food, clothing, electricity, Gas, Car Tags, Property Taxes, Public transit taxes, and etc...

Posted by NN2N1 2021-05-03 05:10|| 2021-05-03 05:10|| Front Page Top

#2 /\ Exactly correct. Corporations pass along the cost of doing business. Not unlike their corporate office HVAC costs, taxes are a cost of doing business.

Taxes never end on a simple piece of lumber such as a 2x4. From the harvesting, trucking, milling and processing, retailing, and delivery. Once the 2x4 becomes a 3 bedroom home, school and property taxes continue ad infinitum. Taxes upon taxes, upon taxes. An ingenious government ponzi scheme.

Posted by Besoeker 2021-05-03 07:21|| 2021-05-03 07:21|| Front Page Top

#3 The knee-jerk hoi polloi will always clamor for higher taxes on corporations.

The smarter among them realize how it works; that the higher taxes are passed along to the consumer. But that ultimately gives them an opportunity for: more taxes, and more control.

Trying to fix what they broke with more of what they used to break it.

Posted by Retard Strength 2021-05-03 07:52|| 2021-05-03 07:52|| Front Page Top

#4 much of the world has a Value Added Tax (apprx - Canada 5%, PRChina 17%, Mexico 15%, Britain and Germany about 20%)

hurts the poor but it is relatively easily to collect and easy to adjust

Posted by Lord Garth 2021-05-03 08:07|| 2021-05-03 08:07|| Front Page Top

#5 The price of gasoline has gone up and for many that was a surprise. Corporate taxes will get passed on unless the corporation goes belly-up because no one can afford its products. Biden's tax plan is going to wreck the economy.

Senator Collin's Rino (Dem lite) positions have not helped to curb the Progressive onslaughts.

Posted by JohnQC 2021-05-03 09:03|| 2021-05-03 09:03|| Front Page Top

#6 Going to guess Droopy opposes it because she thinks it should be even higher.

Posted by M. Murcek 2021-05-03 10:59|| 2021-05-03 10:59|| Front Page Top

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