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@no1marauder saidYou give AJ too much credit. You think he knows anything about economic science?
Let me ask you a couple questions:
Do corporations set their prices to maximize profits?
Is the corporation tax a tax on income, assets or profits?
IF a corporation could make the same or more profit by simply raising prices, wouldn't they already have done so?
112d
@AverageJoe1 saidWere you with Trump when he walked into the teenage girls' changing room?
Is that you SHouse? Did you fly with Bill Clinton to be on that debauchery island with other pedophiles?
112d
@AThousandYoung saidI'm trying to educate the ignorant.
You give AJ too much credit. You think he knows anything about economic science?
@no1marauder saidThere is no one blanket answer to your first question. One corporation may not be like another.
Let me ask you a couple questions:
Do corporations set their prices to maximize profits?
Is the corporation tax a tax on income, assets or profits?
IF a corporation could make the same or more profit by simply raising prices, wouldn't they already have done so
Corporate Tax is short for corporate income tax.
Third question, here again there is no blanket answer to that. How can you possibly write a question as general as that? Corporations face different challenges every day. One sector of the business might allow them to reduce prices on Tuesday, And then their distributors raise their fees, which causeds them on Wednesday to raise their prices. It would be like if Kamala raises their taxes, they would raise their prices. Now, maybe you see what I’ve been trying to tell you.
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@no1marauder saidHopefully AJ isn't the one you're trying to educate because he's stupid, not ignorant.
I'm trying to educate the ignorant.
But of course I'm a big fan of posting for the 3rd party audience so I'll assume they are your real target.
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@AverageJoe1 saidWe've already seen the damage Trump can do in four years. His corruption and incompetence was almost unique in US history.
Harris graduated from Hastings college of law which rated 82nd out of 190 colleges. she graduated, she failed her bar exam. She’s never had her own business, her own employees, ever. She served in the CA senate 2017 2021. She worked on 164 pieces of legislation, none of which ever ever became law.. during those four years, she accomplished nothing. Further, she has acco ...[text shortened]... going to get. When you get Something free on the one hand, you will lose big time on the other hand.
What does Kamala Harris' results on her first try on the bar exam 35+ years ago have to do with anything NOW?
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I am astounded with your lack of basic concept of expenses incurred by business, which have to be considered when they fix the price on their product.
Again, maybe you see why you should be concerned about lack of business sense of someone running a country of 350 million people. Of course, if she goes the way of a dictator as Bernie Sanders wants her to do, then she would not really be concerned about economics.
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@AverageJoe1 saidYou’re talking about commin sense, and your conclusion is that people should vote for trump.
Is that you SHouse? Did you fly with Bill Clinton to be on that debauchery island with other pedophiles?
Complete insanity.
112d
@AverageJoe1 said"The federal corporate tax rate in the United States is 21%, and it applies to a corporation's profits."
There is no one blanket answer to your first question. One corporation may not be like another.
Corporate Tax is short for corporate income tax.
Third question, here again there is no blanket answer to that. How can you possibly write a question as general as that? Corporations face different challenges every day. One sector of the business might allow them to ...[text shortened]... es their taxes, they would raise their prices. Now, maybe you see what I’ve been trying to tell you.
https://www.investopedia.com/terms/c/corporatetax.asp
So you don't know what you are talking about. IF a corporation could simply raise their prices and increase their profits, they'd have already done so. Increases in the tax on profits can only be passed on to shareholders and maybe to a lesser extent the corporation's workers.
@AverageJoe1 saidSomeone who doesn't even know that corporations set prices to maximize profits really shouldn't be criticizing others for a supposed lack of business knowledge.
I am astounded with your lack of basic concept of expenses incurred by business, which have to be considered when they fix the price on their product.
Again, maybe you see why you should be concerned about lack of business sense of someone running a country of 350 million people. Of course, if she goes the way of a dictator as Bernie Sanders wants her to do, then she would not really be concerned about economics.
The US isn't a business BTW and the President doesn't "run" it.
@AverageJoe1 saidTrump went bankrupt 6 times:
Harris graduated from Hastings college of law which rated 82nd out of 190 colleges. she graduated, she failed her bar exam. She’s never had her own business, her own employees, ever. She served in the CA senate 2017 2021. She worked on 164 pieces of legislation, none of which ever ever became law.. during those four years, she accomplished nothing. Further, she has acco ...[text shortened]... going to get. When you get Something free on the one hand, you will lose big time on the other hand.
https://www.politifact.com/factchecks/2016/jun/21/hillary-clinton/yep-donald-trumps-companies-have-declared-bankrupt/
Using your own logic: why would you want someone running a country who couldn't even run his businesses?
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@AverageJoe1 saidHere's some more facts you are probably unaware of:
There is no one blanket answer to your first question. One corporation may not be like another.
Corporate Tax is short for corporate income tax.
Third question, here again there is no blanket answer to that. How can you possibly write a question as general as that? Corporations face different challenges every day. One sector of the business might allow them to ...[text shortened]... es their taxes, they would raise their prices. Now, maybe you see what I’ve been trying to tell you.
"The share that corporate tax revenues comprise of total federal tax revenues also has collapsed, falling from an average of 28 percent of federal revenues in the 1950s and 21 percent in the 1960s to an average of about 10 percent since the 1980s."
https://www.cbpp.org/research/the-decline-of-corporate-income-tax-revenues
Guess who has to make up for that lost revenue? The People either by higher income and other taxes or by deficit spending which increases interest payments.
So by raising corporation taxes back to their historical levels, the government could cut the deficit and/or afford a middle class tax cut. That is exactly what Harris proposes.
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@vivify saidJoe is very much against the government forgiving debts people owe to it but all for the government telling creditors they can't get paid from private debtors in bankruptcy.
Trump went bankrupt 6 times:
https://www.politifact.com/factchecks/2016/jun/21/hillary-clinton/yep-donald-trumps-companies-have-declared-bankrupt/
Using your own logic: why would you want someone running a country who couldn't even run his businesses?
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@vivify saidWho wants to elect someone who will throw the country into the trash if it will be in his personal economic interests?
Trump went bankrupt 6 times:
https://www.politifact.com/factchecks/2016/jun/21/hillary-clinton/yep-donald-trumps-companies-have-declared-bankrupt/
Using your own logic: why would you want someone running a country who couldn't even run his businesses?
Which is what a businessperson is...