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Non-Cattle Specific Topics
Coffee Shop
Corporations Don’t Pay Taxes – Ever!
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<blockquote data-quote="lavacarancher" data-source="post: 1006141" data-attributes="member: 9198"><p>I don't understand your comment. What I said is corporations have no expense for taxes. If taxes are raised on corporate profit they simply raise the price of their goods and services to compensate for their loss of profit. You and I, as consumers, have to bear the price increase. </p><p></p><p>Let me use an example that everyone can understand. State and federal taxes on fuel has steadily increased over the past, well, since the early '70's. Exxon Mobil has not suffered lose of income one red cent because of increased taxes because you and I pay that tax every time we put fuel in our vehicles. </p><p></p><p>How about another example while not labeled as a tax it certainly costs us all dearly. EPA says that automakers (not consumers) must put catalytic convertors on automobiles. These devices use one of the rarest metals on earth, Platinum. The automakers don't bear the expense of that, we do. The expense is passed on to consumers.</p></blockquote><p></p>
[QUOTE="lavacarancher, post: 1006141, member: 9198"] I don't understand your comment. What I said is corporations have no expense for taxes. If taxes are raised on corporate profit they simply raise the price of their goods and services to compensate for their loss of profit. You and I, as consumers, have to bear the price increase. Let me use an example that everyone can understand. State and federal taxes on fuel has steadily increased over the past, well, since the early '70's. Exxon Mobil has not suffered lose of income one red cent because of increased taxes because you and I pay that tax every time we put fuel in our vehicles. How about another example while not labeled as a tax it certainly costs us all dearly. EPA says that automakers (not consumers) must put catalytic convertors on automobiles. These devices use one of the rarest metals on earth, Platinum. The automakers don't bear the expense of that, we do. The expense is passed on to consumers. [/QUOTE]
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Corporations Don’t Pay Taxes – Ever!
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