SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: i-node who wrote (433840)11/8/2008 11:48:33 AM
From: Alighieri  Read Replies (1) of 1574001
 
Corporations don't pay taxes.

Its customers pay them.

In an absolute sense that's true...in a relative sense however market dynamics play a significant role in how much a corporation keeps of its profits. No company has the absolute power to pass on all costs to consumers...although this industry comes pretty damn close to having that power.

If you eliminated the corporate income tax tomorrow, the price of gasoline at the pump would drop by 40% tomorrow.

If we also eliminated enough expense to make up for the balance our deficits, without harming the ability of the country to function as a civilized society, i'd be in favor tax reductions...of course.

Al
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News