The Conservative Cave

Current Events => Economics => Topic started by: NateRiver on March 23, 2009, 12:15:14 PM

Title: Taxes on Inflation, What Will Obama Think Of Next?
Post by: NateRiver on March 23, 2009, 12:15:14 PM

http://www.atr.org/energy-tax-hike-series-lifo-explained-a3020

The FY 2010 Budget calls for companies to pay a tax on their “LIFO Reserve”.
This tax will mostly affect Energy Companies. And when the cost of energy goes up who pays?

Title: Re: Taxes on Inflation, What Will Obama Think Of Next?
Post by: Chris_ on March 23, 2009, 12:18:45 PM

Quote from: NateRiver on March 23, 2009, 12:15:14 PM

http://www.atr.org/energy-tax-hike-series-lifo-explained-a3020

The FY 2010 Budget calls for companies to pay a tax on their “LIFO Reserve”.
This tax will mostly affect Energy Companies. And when the cost of energy goes up who pays?

Eh, by then we'lll all be riding around on our free ponies, right?

 ::)

Title: Re: Taxes on Inflation, What Will Obama Think Of Next?
Post by: DumbAss Tanker on March 23, 2009, 01:11:43 PM

Quote from: NateRiver on March 23, 2009, 12:15:14 PM

http://www.atr.org/energy-tax-hike-series-lifo-explained-a3020

The FY 2010 Budget calls for companies to pay a tax on their “LIFO Reserve”.
This tax will mostly affect Energy Companies. And when the cost of energy goes up who pays?

As we all know, companies don't pay taxes, their customers do.  Twice.  This rather-obvious fact of economic life seems to have completely eluded approximately half of America, unfortunately.