So they raise prices 10-15%.

Post #77,564 by inthane-chan 1/28/03 11:46:47 AM Reply	So they raise prices 10-15%. I doubt that would put them out of business completely, and it might actually encourage people to look at what they eat a little more than they do currently. I'm pretty much for abolishing all tax "breaks" - they're too easily manipulated. If you earn it, it counts as income, you pay a tax on it. Something like 30%*(total income - avg. cost of living in region - maybe by county?). That's open to being gamed as well, but less so than the current system. "Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music." -- Kristian Wilson, Nintendo, Inc, 1989
Post #77,567 by boxley 1/28/03 11:57:21 AM Reply	so now they have a 17% profit margin and you are taxing 100% also you are taxing 15% more income at a corporate rate of 30% they can never make money. So you have shut down any business that doesnt make 70% profit or more to be able to pay tax. No more transportation industry, agricultural, no more computer industry nothing except insurance salesmen and stock traders will be working. What did you do to our economy? :-) thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] "The Mafia was preferable to the state, because it survived by providing services people actually wanted" Murray Rothbard
Post #77,574 by inthane-chan 1/28/03 12:34:29 PM Reply	Just showing how skewed our econ is. Actually, I have an issue with corporate taxes and citizenship. Corporations shouldn't be citizens, and they shouldn't be taxed - all "profits" should be disbursed to the shareholders as income, with the option to "reinvest" the income back into the company in exchange for a greater share of the company. "Computer games don't affect kids; I mean if Pac-Man affected us as kids, we'd all be running around in darkened rooms, munching magic pills and listening to repetitive electronic music." -- Kristian Wilson, Nintendo, Inc, 1989
Post #77,592 by boxley 1/28/03 2:29:11 PM Reply	Corporate taxes are actually a sales tax any costs always get passed onto the consumer. Dividends are the actual income to real people which should be taxed as ordinary income. My big gripe is the flurry of non profit groups that use donations as income and never get taxed. Any charity that uses less than 30% of donations for direct assistance to the purported endneeder should be deemed a profit making enterprise and be taxed as such, religious groups excepted. thaqnx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] "The Mafia was preferable to the state, because it survived by providing services people actually wanted" Murray Rothbard

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