Who pays corporate taxes?

[Lesh]

“That government which governs least governs the best.”

An old saying, but largely still true.

And yet you want the government to impose tariffs

Weird

 

[Mac1958]

The people who pay for corporate taxes are the same people who pay for tariffs.

Maybe we should stop applying band aids to everything.

 

[YoursTruly]

“That government which governs least governs the best.”

An old saying, but largely still true.

I had forgotten that saying. Thanks man, for bring mentioning it.

 

[YoursTruly]

Trump wants to raise tariffs. Kamala wants to raise corporate tax.

We the people get stiffed no matter who's president this time.
The choices suck worse than ever this time.

 

[YoursTruly]

The people who pay for corporate taxes are the same people who pay for tariffs.

Maybe we should stop applying band aids to everything.

If enough voters would get off this lo2e's voting thing.............

 

[Rigby5]

The true sign of democracy. In America, the individual is free to pursue opportunity to become wealthy.
In the old world, the only people allowed to possess wealth were your Lords, Barons and Dukes, etc. And they were the GOVERNMENT.
They all lived in big castles, and the rest of everyone were dirt poor peasants.

Nothing has changed.
Since the Industrial Revolution, only those with big bucks can afford to create the means of production, so the rest of us then are essentially economic slaves to the wealthy elite who also control government and industry.

 

[Rigby5]

Trump wants to raise tariffs. Kamala wants to raise corporate tax.

We the people get stiffed no matter who's president this time.
The choices suck worse than ever this time.

Good point.
I am far left liberal, but we clearly want to return production to the US.

 

[toobfreak]

Nothing has changed.
Since the Industrial Revolution, only those with big bucks can afford to create the means of production, so the rest of us then are essentially economic slaves to the wealthy elite who also control government and industry.

True, except in our capital society, unlike a society of Lords and Barons who are wealthy by BIRTH, every man is potentially free to seek out and create his own wealth according to his means.

 

[Lesh]

Trump wants to raise tariffs. Kamala wants to raise corporate tax.

We the people get stiffed no matter who's president this time.
The choices suck worse than ever this time.

There’s a difference. Tariffs hit everyone. Harris wants taxes raised on the wealthy

 

[Lesh]

Good point.
I am far left liberal, but we clearly want to return production to the US.

You are a far Putin troll

 

[Mac-7]

There’s a difference. Tariffs hit everyone. Harris wants taxes raised on the wealthy

Corporate taxes are a tax on consumers just like tariffs

 

[BackAgain]

And yet you want the government to impose tariffs

Weird

Nope you libtards are all weird.

And you are wholly dishonest.

 

[BackAgain]

Trump wants to raise tariffs.

Not entirely accurate. What he seeks to do is impose tariffs on nations which support their industries financially thereby making the products cheaper. He isn’t a fan of U.S. getting fucked over.

One can generally oppose the notion of tariffs. But then we’d need some new way to balance the scale for fair competition.

Kamala wants to raise corporate tax.

She is a moron. And like most liberals, she either doesn’t understand that corporate taxes never get paid by corporations (which just pass along the added cost of taxation onto consumers) — or she does understand it but hopes that the people won’t catch on.

We the people get stiffed no matter who's president this time.

Disagree.

The choices suck worse than ever this time.

Nope. Voting for Kamalalala makes zero sense.

 

[YoursTruly]

Good point.
I am far left liberal, but we clearly want to return production to the US.

Even the far left should be supporting fiscal conservatism. And you don't even have to support most Republicans to do it. Because the GOP has outlawed fiscal conservatism. (IE the $35 trillion debt)

Stopping the borrowing & spending, stops the money printing that creates inflation and destroys the USD. No more debt ceiling increases (because the money spent that reaches the debt ceiling won't be there).
At one time, the democrats were as fiscally conservative as the GOP. It wasn't until the the R & D's both started ignoring the national debt, that corporations started leaving the country because the huge overhead that higher wages brought.

Higher wages only sounds good. But it's merely a symptom of a decreasing dollar value.

I wouldn't mind making $5hr if it bought the same as $20hr. It wouldn't make the slightest difference to the average joe. But to a corporation, if $5hr was a decent wage (as it was just 40 years ago), it would make a huge difference in how they could manufacture here, and still compete in global trade.

Republicans like to blame outsourcing on high taxes and regulations. That's just smoke and mirrors. The real reason for outsourcing is the high wages.


Here's an example using the US and just about an foreign country. 40hr work week, with no benefits.
US $25hr. Foreign country $25 per day. (which is a decent wage in places like China, Mexico, Vietnam and others.

USA: $25hr X 40 work week X 500 employee's. Per year. 25,000,000
Most foreign country. 3,125,000
A corporation can save well over $20 million by manufacturing their products in another country, just in wages. Add the benefits, like 401K, overtime, company SS contributions, vacation, health insurance to the US employee's, and it close to $35 million just in wages.

If the USD was still sound and secure, Americans could make $5hr and still live decent. Having a stable currency value is how the US became the manufacturing giant of the world. It's how our currency because the worlds reserve currency.

 

[Dogmaphobe]

I pay corporate taxes.

 

[expat_panama]

Exactly, just like I said:

The number of federal employees has been falling since the 1980s ..

What's interesting is to consider federal employment as a % of the total population (more people then more social security checks, more election workers, more FDIC insurance reps. etc.):

--and it shows what a HUGE impact the Vietnam war was.

 

[struth]

There’s a difference. Tariffs hit everyone. Harris wants taxes raised on the wealthy

Harris wants to raise corp taxes which hit everyone

A tariff on China only impacts stuff coming from China.

 

[Lesh]

Harris wants to raise corp taxes which hit everyone

A tariff on China only impacts stuff coming from China.

Corporate traces hit corps across the board.

Any corp that wants to increase market share can lower its prices forcing others to as well.

Tariffs don’t work that way.

 

[struth]

Corporate traces hit corps across the board.

Any corp that wants to increase market share can lower its prices forcing others to as well.

Tariffs don’t work that way.

Corp pass their taxes through to consumers….we end up paying it.

If a company buys their material from chjna they pay that tariff. A consumer can decide not to buy from a company that does business in China, and not pay it

 

[Lesh]

Corp pass their taxes through to consumers….we end up paying it.

If a company buys their material from chjna they pay that tariff. A consumer can decide not to buy from a company that does business in China, and not pay it

Really? You think we can simply not buy from China?

Virtually everything is made in China.

How’s that gonna work

China raises its prices to match tariffs and we don’t have companies making those products (at least in anything close to sufficient quantities) . What can we do but eat those increased prices?