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Politics

Only to an extent - sm

Posted: Dec 27th, 2017 - 12:41 am In Reply to: There is NO SUCH THING as a Corporate tax. - Econ101

Yes, in theory you pay the corporate tax and the property tax for the products and services you use. In practice, there's a breaking point where the costs outweigh the benefits and people move or stop buying the products and services. That's how recessions happen. Consumers can't afford it. Only the largest businesses can stay afloat by cutting their least profitable divisions and reducing staff.

When taxes are kept low more people can get into the game and everyone has to be more competitive. Businesses can make a little less in profit and diversify their offerings because they have less overhead.

You seem to be deliberately provocative here. Why are accusing people of never having run a company? You weren't asking me, but I certainly haven't, unless you count being an IC MT. I'm not ashamed of that.

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