Question for JPP economic heavyweights

Not always. Corporations often have inflated prices to a point their economists have figured will make them the most profit, so in that case, an increase in 'cost of production' does not automatically result in a 1 for 1 cost increase, sometime no increase, just a little less profit for the corporation.
More bullshit from the lying BS pontificator.

See above for the factual answer already given on the price of gasoline.

 
Billionaires pay a MUCH smaller percent of their wealth than middle class Americans.
That is true, all while paying the LIONS share of taxes. If you had a brain and were properly educated, you would comprehend how ignorant and stupid you sound.

The top 50% of earners contributed 97.7% of federal income tax revenue.

The top 1% of earners pay 45.8% of income taxes.

 
That doesn't make any sense. Taxes are not 'cost of production'. Cost of production is (among other things) wages, utilities, and cost of raw material. Taxes are paid after costs of production are subtracted from gross receipts.

Effective tax rate for most corporations is 10% or less after the trump tax giveaway. The lies pushed by trump about highest corporate tax rate in the world did NOT account for loopholes and true effective tax rates. At the time, the average effective corporate tax rate was 16%.



The effective tax rate, which takes into account those tax provisions, often differs significantly from the statutory rate imposed by law. For example, profitable large corporations paid an average effective federal tax rate of 9 percent in 2018, a decrease from 16 percent in 2014.



All costs in order to bring anything to market, including taxation, are a cost of production. Yes, I get that you are saying that cost doesn't come until after the sale, but it is always figured into production. If taxation is high enough to overcome profit, so they are unable to pay employees, etc. prices rise to defray that cost. All costs to a business are a cost of production.
 
Ya, so not always.

Its clear, gas prices do not go up penny for penny when they are imposed, almost never.

American "capitalism" is not based on 100% on supply and demand, its based more on what the consumer will tolerate from a large corporation that has dominated the market, thus has very little competition, for decades.

The large Americans corporations have learned to beat such market demands by colluding with the "competition" to create the most profit for all.

Corporations working together against the consumer defeats the cost lowering affect of competition.
This is the dumbest and most uneducated pile of false drivel yet.

This is why I tell people they cannot argue with idiots. It's best to just point at them and laugh.

This is a person who is voting for Kamala and why I say they are stupid.
 
Why does your camp ignore the fact that taxes are only paid on profits? You don't 'earn money to pay taxes'. You pay taxes on money you earn.

Raising prices to pay taxes simply increases taxes.

No?

Wanna pay less taxes? Reduce your net by increasing salaries.
:lolup: Ignoramus thinks that companies just palm their heads and pay taxes without passing those costs to the consumers of their goods and services. :laugh:
 
All costs in order to bring anything to market, including taxation, are a cost of production. Yes, I get that you are saying that cost doesn't come until after the sale, but it is always figured into production. If taxation is high enough to overcome profit, so they are unable to pay employees, etc. prices rise to defray that cost. All costs to a business are a cost of production.
OK. We're stalemated on that point, which is fine. At an essential mean 9% corporate taxation, you don't believe there is room for a hike? Said hike is easily avoided by a program that demands domestic manufacturing.
 
Few major businesses in the United States have much true competition.

That's a dumb lie.

If it was true Capitalism, you would be correct. Most of our prices are way above the necessary mark to make a huge profit so a small increase to those companies barely makes a difference.

Another dumb lie.

Both tariffs and taxes are inflationary, but not anywhere close to 1 for 1, and more than should be not at all.

Corporate taxes will ALWAYS have an inflationary effect. Tariffs are temporary. In many cases, Tariffs force countries engaging in unfair trade with us into compliance with fair trade and the Tariffs are never introduced.

But to brainless Kamala voters like you, buying cheap garbage from Asian countries with slave labor is better than manufacturing higher quality goods here in the US. DUMB.

My friend invented a new type of hair brush, and started a business with it. At first she was VERY successful, but when the big companies noticed she was quickly put out of business and the new brush that is innovative and better is not being made anymore. American capitalism is different.

Another moronic anecdotal lie. You really are one dumb fool. A dishonest one at that.
 
Taxation is not based on wealth, which is accumulated. It’s based on current income.

Whatever billionaires pay, it’s due to tax laws by Congress.
Taxes are just ANOTHER weapon in the leftists arsenal to divide America and Americans. Leftists so discontent everywhere they go. They are perpetually offended, America is systemically racist, microaggressions, misogyny, homo/transphobia, white privilege, th.e patriarchy, pay inequality etc etc. The list of grievances never ends.
 
I would love to, even though I'm probably not an "economic heavyweight," whatever that is. However, there's no point. To paraphrase Dorothy Parker: "You can lead a MAGATtard to facts, but you cannot make him think."
Translation: ThatFowlWoman prefers to wallow in ignorance and stupidity rather than be informed.

Another example of a Kamala voter and how dumb they are.
 
OK. We're stalemated on that point, which is fine. At an essential mean 9% corporate taxation, you don't believe there is room for a hike? Said hike is easily avoided by a program that demands domestic manufacturing.
Corporate taxation is not at 9%.... Geebus.

I wish it was, we'd be competitive. US business is at a disadvantage due to our exorbitant cost of business from high corporate taxation. We hobble US businesses with a very high tax, making the cost of the end product more expensive (all taxes are paid by the consumer, always, every single time). Example: Ireland corporate taxes 12.5%, US corporate tax 23.37%.
 
They do not do that, especially, but not limited to, the Conservatives. Its all about promoting big business and monopolies.

America is set up to rig capitalism for MONEY interests.

Its the same even with lawyers.


Then when anyone wants to incentivize competition they scream about government not being "hands off" enough.
Spoken like a simple-minded Marxist.

:lolup: This is the profile of a Kamala voter. :laugh:
 
Which is why I stated you must incentivize competition.
Incentivizing completion works if you have a free market, which we don’t, no one competes equally, the best product doesn’t always prevail. American capitalism is largely dominated by oligopolies who have a large amount of sovereignty limiting entry and controlling price
 
Incentivizing completion works if you have a free market, which we don’t, no one competes equally, the best product doesn’t always prevail. American capitalism is largely dominated by oligopolies who have a large amount of sovereignty limiting entry and controlling price
Which did not change what I said even a little bit. If we want prices to drop, we must incentivize competition.

Saying... "But we don't" doesn't change that Truth (again capital T truth) at all.
 
That doesn't make any sense. Taxes are not 'cost of production'. Cost of production is (among other things) wages, utilities, and cost of raw material. Taxes are paid after costs of production are subtracted from gross receipts.

ALL costs to a corporation are passed onto their consumers. They are included in the final cost and then a profit level added. I wish you were educated.

Another perfect profile of a typical Kamala voter here folks.

Effective tax rate for most corporations is 10% or less after the trump tax giveaway. The lies pushed by trump about highest corporate tax rate in the world did NOT account for loopholes and true effective tax rates. At the time, the average effective corporate tax rate was 16%.

More dumb ignorant lies. :palm:
https://www.pgpf.org/blog/2023/04/s...MIn9Hc7IDDiQMVwHNHAR2ebDHVEAAYASAAEgLMpfD_BwE
The effective tax rate, which takes into account those tax provisions, often differs significantly from the statutory rate imposed by law. For example, profitable large corporations paid an average effective federal tax rate of 9 percent in 2018, a decrease from 16 percent in 2014.

Your source is laughably inept and Marxist in nature.
 
OK. We're stalemated on that point, which is fine. At an essential mean 9% corporate taxation, you don't believe there is room for a hike? Said hike is easily avoided by a program that demands domestic manufacturing.
What part of YOU, the consumer, are paying those taxes do you continue to lack the brains to comprehend??? :palm:
 
Incentivizing completion works if you have a free market, which we don’t, no one competes equally, the best product doesn’t always prevail. American capitalism is largely dominated by oligopolies who have a large amount of sovereignty limiting entry and controlling price
That's another massive pile of Marxist bovine bile arsecheese. Source of your delusional bloviating?
 
Corporate taxation is not at 9%.... Geebus.

I wish it was, we'd be competitive. US business is at a disadvantage due to our exorbitant cost of business from high corporate taxation. We hobble US businesses with a very high tax, making the cost of the end product more expensive (all taxes are paid by the consumer, always, every single time). Example: Ireland corporate taxes 12.5%, US corporate tax 23.37%.
You aren't citing facts. I offered you a link but you ignored it. With a 20% corporate tax rate with no reduction of tax loopholes, the effective rate is under 10% for most corporations. It was 16% when the tax rate was 35%.

Those are facts.
 
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