Tax Polixcy Center: Corporate taxes aren't passed on to consumers

[mercury14]

I was just listening to the POTUS channel on SiriusXM radio when the had senior (nonpartisan) Tax Policy Center researcher Robert Williams on talking about taxes. He quoted some of their research into where corporate income taxes go, as in who ends up paying them.

Their conclusion was that 20% of these taxes go into reduced worker wages and resources for employees to work with. The other 80% goes into reduced profitability for investors in the company.

Regarding the conservative notion that corporate income taxes are passed to the consumer in the form of higher prices, their research said that generally goes not occur because price is determined by market elements that are of far greater significance than corporate income tax.

That led me to wonder if conservatives have any evidence to support their conviction that corporate income tax is passed onto the consumer. Anyone care to take this up?

 

[jeninflorida]

are you one of those that thinks a corporation has this magical money tree, where $100 dollar bills pop up like Oranges?

of course "customer" of the corporation pays the taxes of any kind....hello! they are the one buying good and/or services from the corporation

See, if you had a real job you would understand these things

 

[Busybody]

I was just listening to the POTUS channel on SiriusXM radio when the had senior (nonpartisan) ?

PUTZ!

Non partisan?

STFU, and stop with your BULLSHIT!

 

[mercury14]

Other interesting tidbits:

- The estate tax hits only about 1 in 800 deaths in the US. But those estates are so mega-wealthy that the estate tax accounts for 1%-2% of Federal revenue.

- Individual income tax accounts for only 40% of federal revenue
- Payroll tax accounts for 40% (usually more but Obama has us on a payroll tax holiday)
- Corporate income tax accounts for 7.5%
- Tariffs were the next biggest revenue item but I forget the percentage

- Only about 33% of companies pay income tax.

 

[jeninflorida]

Other interesting tidbits:

- The estate tax hits only about 1 in 800 deaths in the US. But those estates are so mega-wealthy that the estate tax accounts for 1%-2% of Federal revenue.

- Individual income tax accounts for only 40% of federal revenue
- Payroll tax accounts for 40% (usually more but Obama has us on a payroll tax holiday)
- Corporate income tax accounts for 7.5%
- Tariffs were the next biggest revenue item but I forget the percentage

- Only about 33% of companies pay income tax.

when I die, put me in the ground face first so that you all can kiss my ass

 

[mercury14]

are you one of those that thinks a corporation has this magical money tree, where $100 dollar bills pop up like Oranges?

of course "customer" of the corporation pays the taxes of any kind....hello! they are the one buying good and/or services from the corporation

See, if you had a real job you would understand these things

Their conclusion was that it's generally preferable for companies to pass on income taxes to investors since raising their prices injures their business.

 

[mercury14]

when I die, put me in the ground face first so that you all can kiss my ass

When you die nobody will remember your name.

Edit: or your seven alts' names.

 

[Adre]

when I die, put me in the ground face first so that you all can kiss my ass

Soon?

 

[VaticanAssassin]

I was just listening to the POTUS channel on SiriusXM radio when the had senior (nonpartisan) Tax Policy Center researcher Robert Williams on talking about taxes. He quoted some of their research into where corporate income taxes go, as in who ends up paying them.

Their conclusion was that 20% of these taxes go into reduced worker wages and resources for employees to work with. The other 80% goes into reduced profitability for investors in the company.

Regarding the conservative notion that corporate income taxes are passed to the consumer in the form of higher prices, their research said that generally goes not occur because price is determined by market elements that are of far greater significance than corporate income tax.

That led me to wonder if conservatives have any evidence to support their conviction that corporate income tax is passed onto the consumer. Anyone care to take this up?

and you believe this?

In my line of work companies like Fidelity, Prudential, and other charge a fee to manage a companies pensions, 401ks, etc.....

This is called their line item retention. It consists of:

Profit/risk
administration
Commissions
and Taxes

It is clearly disclosed on their financial exhibits....

So yes, ........they pass on their taxes.

Reduced profitability? So you think they set their desired profit level before accounting for taxes??????

Please tell me you are not this dumb!

 

[jeninflorida]

When you die nobody will remember your name.

Edit: or your seven alts' names.

Ken, don't be such a hater

 

[mercury14]

Soon?

This thread needs a flea and tick remover.

 

[jeninflorida]

and you believe this?

In my line of work companies like Fidelity, Prudential, and other charge a fee to manage a companies pensions, 401ks, etc.....

This is called their line item retention. It consists of:

Profit/risk
administration
Commissions
and Taxes

It is clearly disclosed on their financial exhibits....

So yes, ........they pass on their taxes.

Reduced profitability? So you think they set their desired profit level before accounting for taxes??????

Please tell me you are not this dumb!

Sadly, Merc and the other socialist democrat are that dumb

 

[Adre]

when I die, put me in the ground face first so that you all can kiss my ass

This thread needs a flea and tick remover.

Is a sledge hammer overkill?

 

[mercury14]

and you believe this?

In my line of work companies like Fidelity, Prudential, and other charge a fee to manage a companies pensions, 401ks, etc.....

This is called their line item retention. It consists of:

Profit/risk
administration
Commissions
and Taxes

It is clearly disclosed on their financial exhibits....

So yes, ........they pass on their taxes.

Reduced profitability? So you think they set their desired profit level before accounting for taxes??????

Please tell me you are not this dumb!

Thread title edit: I'm talking specifically about income taxes.

Reduced profitability isn't the same thing as passing on the cost of income tax to investors. It's quite possible to pass on the cost to investors in order to remain at a certain profit level.

 

[koalabear]

Another soros thread.

 

[VaticanAssassin]

Thread title edit: I'm talking specifically about income taxes.

Reduced profitability isn't the same thing as passing on the cost of income tax to investors. It's quite possible to pass on the cost to investors in order to remain at a certain profit level.

Ok, I will bang my head against the wall of your ignorance one more time...SO company A set the price of its widgets accounting for all fixed and variable costs and with a desired profit level.

Do they or do they not take in to account taxes?

 

[mercury14]

Ok, I will bang my head against the wall of your ignorance one more time...SO company A set the price of its widgets accounting for all fixed and variable costs and with a desired profit level.

Do they or do they not take in to account taxes?

Dude, company profit and investor profit are two separate things. So to answer your question, no because you're not considering the full range of elements here. Companies don't have to make their customers pay their taxes because they have multiple other options. High prices make a company less competitive so they tend to make investors and owners pay, while making their workers pay to a lesser extent.

 

[garbage can]

I was just listening to the POTUS channel on SiriusXM radio when the had senior (nonpartisan) Tax Policy Center researcher Robert Williams on talking about taxes. He quoted some of their research into where corporate income taxes go, as in who ends up paying them.

Their conclusion was that 20% of these taxes go into reduced worker wages and resources for employees to work with. The other 80% goes into reduced profitability for investors in the company.Regarding the conservative notion that corporate income taxes are passed to the consumer in the form of higher prices, their research said that generally goes not occur because price is determined by market elements that are of far greater significance than corporate income tax.

That led me to wonder if conservatives have any evidence to support their conviction that corporate income tax is passed onto the consumer. Anyone care to take this up?

Seems like with reduced profitability, someone is losing money. Perhaps the customer doesn't have to pay $10 more for the product, but the investor makes $10 less.

As for the 20%, I doubt the workers wages are reduced, but their pay raise may disappear.

 

[Busybody]

Ok, I will bang my head against the wall of your ignorance one more time...SO company A set the price of its widgets accounting for all fixed and variable costs and with a desired profit level.

Do they or do they not take in to account taxes?

you should bang your head against the wall.....for even trying to talk to DOOFUS

the ONLY way to deal with him is teh way he deals with us

WITH RIDICULE!


you will learn...................eventually


DUMMY

 

[garbage can]

Other interesting tidbits:

- The estate tax hits only about 1 in 800 deaths in the US. But those estates are so mega-wealthy that the estate tax accounts for 1%-2% of Federal revenue.

The death tax is stealing. Obama and, IMO, most Democrats support this.

 

[mercury14]

Seems like with reduced profitability, someone is losing money. Perhaps the customer doesn't have to pay $10 more for the product, but the investor makes $10 less.

As for the 20%, I doubt the workers wages are reduced, but their pay raise may disappear.

Yeah someone loses money, the question is who. We all agree that it's usually not the company at least not much.

Generally worker wages aren't reduced because that's a huge deal that can ruin morale, ruin recruiting, and generate a whole host of other problems. But you're right they might offset income taxes by reducing the amount of future spending on raises, reduce the starting salary for new employees, erode benefits, reduce spending on capitol/equipment for workers, increase workloads per employee to avoid hiring, etc.

 

[mercury14]

The death tax is stealing. Obama and, IMO, most Democrats support this.

It's just a wealth transfer or gift tax. If your dad gives you 10 million dollars that's taxable income. What difference does it make whether it's him giving it to you via his will or the week before he died?

 

[garbage can]

Thread title edit: I'm talking specifically about income taxes.

Reduced profitability isn't the same thing as passing on the cost of income tax to investors. .

IMO, it's exactly the same thing. It's just a matter of who picks up the tab.

Reduced profitability has to stop at some point, then higher prices kick in.

 

[jeninflorida]

Their conclusion was that it's generally preferable for companies to pass on income taxes to investors since raising their prices injures their business.

you forget one thing, in the real world (you know, the world that you DONT LIVE IN) companies have pricing pressure and are not able to pass everything on.

Company X is not able to sell their product for $1,000 when company A has the same product for sale at $19.95

Sad, that you do not understand supply and demand....

 

[mercury14]

IMO, it's exactly the same thing. It's just a matter of who picks up the tab.

Reduced profitability has to stop at some point, then higher prices kick in.

Lol no the profits of a company and the profits of its investors are not the same thing. It's quite possible for companies to profit while their stock price or dividend payout decline. And vice versa it's possible for a company to lose profit while its stock price rises (or rarer, dividend payout). These things are common occurrences.