I HATE this repig Talking Point

[Freeper]

bongbong
 
I HATE this repig Talking Point

"If you raise taxes on corporations, they'll just pass the cost on to you!"

If that's so, why didn't consumer prices drop during the many years that corporate taxes went down? (and seemingly keep going down)

And why didn't consumer prices go up when corporate taxes went up (the many decades ago when lies didn't rule repigs)?

I HATE lies & repig Talking Points.

http://www.democraticunderground.com/1002538707

Hey DUmmy, the truth is, if you raise taxes on corporations they will raise prices to make up for it. just like when cost of materials goes up, or labor costs, or gas prices go up, they all bring higher prices.

guitar man
1. Yeah they'd like us to believe that

Just like they'd like us to believe that raising American workers wages makes things more expensive, but hundreds of millions in executive pay and bonuses doesn't.

Ask them why gasoline is so expensive when the oil companies aren't paying any taxes at all?

Oil companies pay more in taxes than all of the income of the DUmp combined.

gateley
4. Nobody ever calls them on this shit, either. We need to counter with facts! nt

Ok counter it with facts then. I am curious as to what facts you have.

1StrongBlackMan
6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

They have accountants who's only job is to determine how to maximize profits, they figure in taxes that will be due, so in order to "take home" whatever amount they have determined they will factor in taxes and raise prices accordingly. You act as if they are surprised every quarter when they file their taxes, when they know to the penny how much it will be.

[GOBUCKS]

1StrongBlackMan
6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

I sure hope DUmmy numberStongBlackMan is strong enough to make a living through brute strength.

He's sure not going to make it as an accountant.

At least no one's going to call him a credit to his race.

[Doubleplusungood]

bongbong
 
I HATE this repig Talking Point

"If you raise taxes on corporations, they'll just pass the cost on to you!"

If that's so, why didn't consumer prices drop during the many years that corporate taxes went down? (and seemingly keep going down)

And why didn't consumer prices go up when corporate taxes went up (the many decades ago when lies didn't rule repigs)?

I HATE lies & repig Talking Points.

What evidence is there to support this idiot's prattling?

[DumbAss Tanker]

I sure hope DUmmy numberStongBlackMan is strong enough to make a living through brute strength.

He's sure not going to make it as an accountant.

At least no one's going to call him a credit to his race.

Perhaps every legal enterprise with which he was ever associated folded in less than three months, so he never saw where the tax payments made the previous quarter, or year, entered into the balance sheet.  Of coiurse he may very well have never worked as anything but a wage-earner*, or possibly even above the table at all, in his whole life anyway.

*(No disrespect to W2 holders, myself currently included, but without exposure to at least a Schedule C, Schedule SE, and Form 1040ES, he would be talking out his ass on this.)

[jukin]

1StrongBlackMan
6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

First, I bet that this DUchebag is a 95 pound pimply faced white teenager with uber liberal parents.

Second, a corporation will not just sit back as their share holders lose money by giving it to the government. It is very simple math to make sure that any tax increase is a zero sum game. No simple arithmetic that is so hard aon a DUmmy.

A) "Greedy Corporation" makes $1000 in profit.
B) "Greedy Corporation" pays the government $350, which is pretty outrageous considering the governement did not risk anything or work at all towards GC's revenue.
C) "Greedy Corporation" new tax rate under Super Greedy Socialist Government has to pay 50% or $500 to the Super Greedy Socialist Government. a net difference of $150 dollars. No will GC just lay back and let Super Greedy Socialist Government take $150 out? NO!
D) GC will raise prices so that they still get $650 net earning after taxes even with the new rate which means they will have to make $1300 in profit to just stay even. The customers will make up that $300 more in higher prices.
E) Because Super Greedy Socialist Government is upping the rate on all GCs, the overall cost of business of GC's suppliers will go up which increases the cost of all parts and services in the product GC makes. Which means the price will go up even more.

The other alternative is GC says **** it and goes off shore in which case Super Greedy Socialist Government gets nothing and Americans lose jobs, but it is fair.

The basic premise of the primitives is that when taxes are hiked they will not be passed on. That was the reaction to my renters when I raised the rent because 0bama's tax bill known as HellCare decreased my profit by charging medicare tax to the Schedule E. They too thought it not fair but ended up paying it. I made not a dime more but it cost them more to live each and every month.

[ChuckJ]

These aren't the stupidest people on the internet. These are the stupidest creatures in the entire universe.

On second thought, change 'creatures' to 'objects' because inanimate objects have more intelligence.

[Ralph Wiggum]

What an appropriate name for the OP: BONGBONG.

[AllosaursRus]

These aren't the stupidest people on the internet. These are the stupidest creatures in the entire universe.

On second thought, change 'creatures' to 'objects' because inanimate objects have more intelligence.

You said it Chucky! Cause this is by far one of the stooooopidest things ever to come out of a DUmmies mouth!

1StrongBlackMan
6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

[CSeeman]

Wow everytime i think DU people can not get anymore stupid they keep raising the bar... of course businesses can and do pass on taxes to the consumer.


P.S. I teach Accounting 101 and i would love to know who is teaching this guy

[dandi]

D) GC will raise prices so that they still get $650 net earning after taxes even with the new rate which means they will have to make $1300 in profit to just stay even. The customers will make up that $300 more in higher prices.
 

Yep. DUmbasses seem to believe corps won't raise prices simply because they hate paying taxes per se, when they really don't give a shit as long as they can manipulate prices to maintain their after-tax bottom line. Idiots.

[Duke Nukum]

If prices don't go up, or don't go up drastically, jobs will hemorrhage overseas as businesses seek to cut costs.

Nobody starts a business to pay as much as they can in taxes.

[DumbAss Tanker]

Nobody starts a business to pay as much as they can in taxes.

I see you've discovered a tiny flaw in the Democrat plan to eliminate the deficit...

[Doubleplusungood]

Nobody starts a business to pay as much as they can in taxes.

Billionaire marxists such as Buffet prove this to be true.

[Ralph Wiggum]

Wow everytime i think DU people can not get anymore stupid they keep raising the bar... of course businesses can and do pass on taxes to the consumer.


P.S. I teach Accounting 101 and i would love to know who is teaching this guy

No one ever accused the DUmmies of being math/accounting/economically smart.  Their stupidty never surprises me.

[USA4ME]

"Passing the cost onto you" comes in many different forms, primitives.  If a corp is paying higher taxes, that's less money they have to reinvent in the company, meaning less opportunity to grow, meaning less opportunites for the employees to earn more, meaning higher corp taxes is costing the employees potential higher incomes.

I know, it's complicated.  Just go back to sleep, primitives.

.

[thundley4]

"Passing the cost onto you" comes in many different forms, primitives.  If a corp is paying higher taxes, that's less money they have to reinvent in the company, meaning less opportunity to grow, meaning less opportunites for the employees to earn more, meaning higher corp taxes is costing the employees potential higher incomes.

I know, it's complicated.  Just go back to sleep, primitives.

.

And also not hiring more employees, which would add to the tax base.

[jukin]

Nobody starts a business to pay as much as they can in taxes.

That is the Hammer of Thor on the regressives.

Of course they won't understand having never started a business.

^5 for the sheer genius of brevity!

[Toastedturningtidelegs]

1StrongBlackMan (362 posts) Profile Journal Send DU Mail Ignore

6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

1StrongBlackMan should stay behind the counter at McDonalds....he'll hurt lesss people that way.Jesus!

[Karin]

Thanks Jukin, for possibly taking a lurker by the hand and walking them through the simple arithmetic. 

More stupidity:

Response to bongbong (Original post)
Mon Apr 9, 2012, 05:15 PM
chowder66 (716 posts)

5. Yeah, keep lowering taxes on corporations so no one has the money to buy your product.

   

Chowderhead, when a corporation pays taxes, the check is not payable to you.

1StrongBlackMan (362 posts) Profile Journal Send DU Mail Ignore

10. It's funny ...

Once in the comment section of my Tucson daily rag, I once read this narrative coming from a "small business owner."

When I explained the concept of taxable income versus revenue and suggested that she fire her tax adviser and seek out any competent tax strategus, she began reporting my comments - thus causing them to be hidden from the board.

 

Haha!  She was C&Ping your comments, such as we do here, ridiculing you.   And how does that "thus hide your comments?"  I think the editor is a big liberal demokrat, and your comments exposed the stupidity of you and your party, and were just too embarrassing. 

[txradioguy]

bongbong
 
I HATE this repig Talking Point

"If you raise taxes on corporations, they'll just pass the cost on to you!"

Note to the lurkers and other Libtards...it's not some Republican talking point...unless your warped little brains believe the Bureau of Labor Statistics is just some propaganda arm of the GOP.

Increases in the corporate income tax, other business taxes, or business user fees are included in the CPI to the extent that corporations shift these through higher selling prices for their goods and services. There is widespread disagreement among economists concerning the extent of such shifts. Nevertheless, it appears likely that, at least in the short run, an increase in corporate income taxes affects the CPI less than a sales tax which produces the same amount of tax revenue.

http://www.questia.com/googleScholar.qst?docId=5000228219

[BlueStateSaint]

Note to the lurkers and other Libtards...it's not some Republican talking point...unless your warped little brains believe the Bureau of Labor Statistics is just some propaganda arm of the GOP.

http://www.questia.com/googleScholar.qst?docId=5000228219

C'mon, tx, you know the narrative . . . "It isn't faaaaaiiiirrr!"

[txradioguy]

C'mon, tx, you know the narrative . . . "It isn't faaaaaiiiirrr!"

It's not a circus either! 

[Wineslob]

Smoking pot does not cause brain damage.......................................really?

[jukin]

I forget which talking head was interviewing 0bama before the 008 election about capital gains taxes. 0bama said he would raise capital gains taxes to make it fair. The interviewer said that history has demonstrated that decreasing the capital gains rate the government receives more overall revenue.  0bama admits that this is true. Interviewer then asks if the government gets more money coming in with a lower capital gains rate would 0bama still raise the rate. 0bama says yes he would because it is a matter of fairness.

0bama is just as economically stupid as your typical DUmbass and as equally blinded by rage at successful people. Is it any wonder why the USA has not and never will recover while 0bama is president and his fellow communists are running the government? NO.

[GOBUCKS]

Smoking pot does not cause brain damage.......................................really?

If smoking weed doesn't cause brain damage, then it's evidence of it.