Topic: do companies pay taxes?
bibarnes's photo
Tue 09/27/16 08:42 AM
This is a trick question. The answer is an unequivical "NO". Ok before we. overload the forum let me explain. You start a business making. and selling widgets. In order to produce this widget costs $10. in. material an labor. Hidden in that. labor cost is SS, Medicare,unemployment insurance and workman's. comp. In the material cost you have sales or VAT taxes. Without those taxes the Widget would cost $7.00 to produce. Now you are in business to make as much profit as you. can. The. government steps in and accesses you arainn tax (NC) a drequires environmental studies and other studies. So now on top of normal cost you have to. face income tax on the profit. so in. order to make a liveable income and rewards for the risks and ingenuity, you need to charge $20 for the widget. who Pays that? YOU DO NOT THE BIG CORPORATIONS.

Now tell me I am wrong.