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Rumor Mill News Reading Room, Current Archive

After The Dust: The Veiled Good News About Corporate Taxes

Posted By: CrystalRiver
Date: Wednesday, 13-Jan-2021 05:52:07
www.rumormill.news/91964

After The Dust: The Veiled Good News About Corporate Taxes

TAXATION WITHOUT MYSTIFICATION

So, what about the Trump tax plan?
Isn’t it obvious that reducing corporate taxes is a sop to the rich?
Actually, no. Here’s why. The current top corporate tax bracket is 35%–among the highest in the world. Imagine a big company that makes jeans. The cost of labor and materials is, let’s say, $6.00. But the company expenses, including its tax burden, have to be added to that cost; otherwise the company would go under. Same with its regional distributors and wholesalers. Every step of the journey from the cutting room to retail store adds additional taxes, plus expenses, plus a profit margin. The result is that you pay $49.50 for a pair of six dollar jeans.

More at this link: http://truthbarrier.com/2018/01/15/after-the-dust-the-veiled-good-news-about-corporate-taxes/



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AN EXPLANATION OF THE FACTIONS