I guess there is a difference between an increase in tax on profits, and an increase in tax on raw materiels.
If the tax can be directly attributed to the cost of making something and everyone is hit then same, then of course the tax cost will be passed onto the consumer.
If the tax was only on profits, and in a progressive way, then companies making too much money (ie exploiting) will get taxed more than those running a sensible company
Exactly. The tax on profit is supposed to add an incentive to reinvest in the company. The tax on raw materials absolutely just gets passed on to the consumer :/
I swear these fucking assholes…
“The left”: Raise taxes on corporations!
MAGA: they’ll just pass the tax on to the consumer!!! Nooooo!!!
Trump/MAGA: Raise taxes on corporations through tarrifs!
MAGA: Why are WE paying for this!? The corporations should eat the cost!
I guess there is a difference between an increase in tax on profits, and an increase in tax on raw materiels.
If the tax can be directly attributed to the cost of making something and everyone is hit then same, then of course the tax cost will be passed onto the consumer.
If the tax was only on profits, and in a progressive way, then companies making too much money (ie exploiting) will get taxed more than those running a sensible company
Exactly. The tax on profit is supposed to add an incentive to reinvest in the company. The tax on raw materials absolutely just gets passed on to the consumer :/
You’re being too reasonable.