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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (433851)	11/8/2008 7:58:25 PM
From: i-node	Respond to of 1573994

No company has the absolute power to pass on all costs to consumers... Depends on whether you're looking at a microeconomic level or a macro. If you eliminated the corporate income tax on all Oil companies tomorrow, you would see a rapid decline in the price of oil-based products that would correspond with the tax decrease. Prices are determined by competitive markets. Ultimately, the return necessary to promote capital formation is what is required, and in a competitive marketplace, such as the oil companies, the competition will drive prices down such that market returns are provided. Corporations never pay taxes. Only their customers. Like I said.