I'm tired of the "Corporations need to pay their fair share" BS mantra

No it isn't. Any tax on your profits is not built into your estimate or bid, and the market price is strictly determined by supply and demand, not costs. If you try to pass on tax or any other costs to your customers with a bid above the market price, which is determined by supply and demand, you just won't get the work. The only time you can pass on tax costs to customers -- and then only partially -- is when those costs have the effect of reducing supply and thus increasing price.

No. Like the OP, you are just factually incorrect. The extent to which tax costs are passed on -- which economists call "tax incidence" -- is determined by the relevant elasticities of supply and demand. It is almost never the case that 100% of a tax can be passed on, but occasionally the case that none can. Google "tax incidence" and start reading.

 

But if you count all taxes, it probably has for the rich. Local and state taxes have gone up to make up for less Federal aid . Google the only tax graph you need to know. If you count all taxes we have a flat tax system now the richest paying the same as the middle class percentage wise period that leads to less investment in education and training and infrastructure and leads to inequality. Thanks gop and GOP propaganda.

 

I've done at least 30 RFQ's. We've ALWAYS include taxes, especially specifically when it comes to market areas. My bid for California will always be extremely greater than that of South Dakota, even with the understanding of transportation cost back into a state. Taxes are a game changer and if you are not building that into your RFQ, you are not doing a proper RFQ....

And yes, 100% of taxes are always accounted for. At least for every analysis and RFQ I;ve ever done. You either adjust you margin to accept higher taxes or you raise your rates. Taxes are always a factor...

 

Your errors are not evidence that you are right.

That depends on the tax. If there is e.g., a fuel tax, then that is going to be part of the fuel cost. But if you included your corporate profits tax in your RFQs, at least your clients had a good chuckle. At your expense.

I'm not familiar with the tax situations in specific states. But given that CA has forced producers to fund large, increasing, and unsustainable subsidies to landowners through the tax system since Proposition 13 passed in 1978, I can well imagine that tax costs there are a substantial burden on production.

That depends on the tax. No competent sales person or manager would include the corporate profits tax in their RFQ. Google "tax incidence" and start reading.

I should hope so. But the fact that they are recorded in the firm's books does not mean they are passed on to customers.

But they are only rarely passed on 100% to customers. I repeat: Google "tax incidence" and start reading.

 

Even though Trump cut corporate taxes to 20%, most corporations don't even pay that thanks to the loopholes that Trump promised to abolish, but then did nothing

 

Why would I google something I've been intimate for at least the last 20+ year? Maybe become an entrepreneur and you will understand the basic economics of small and big business.

 

Federal corporate income tax does not vary between states. Every penny you earn in South Dakota is taxed at the same rate as one you earn in California.

 

You might have been "intimate" with something, but you self-evidently didn't learn much about tax incidence.

<yawn> I ran my own profitable small business for 25 years. Unlike you, I have also studied economics, especially the economics of taxation, which is how I know you do not know what you are talking about.

 

If it is not too much of a strain, you might want to ponder the fact that despite its crippling legacy of dictatorship, Marxism/Maoism/socialism and corruption, China has, in the last 40 years, by retaining all land and natural resources in public ownership on the Hong Kong model while embracing a private market economy in products of labor, achieved by far the greatest economic miracle in the history of the world. According to your beliefs, that is impossible. But according to mine, it is inevitable. You see, unlike you, I am aware of the fact that the massive, glaring difference between the spectacular results China has achieved by retaining all land and natural resources in public ownership and the pitiable results of Russia's privatization of all its land and natural resources was foretold in prophetic detail 30 years ago by dozens of eminent western economists, including four -- count 'em, four -- Nobel laureates:

https://en.wikisource.org/wiki/Open_letter_to_Mikhail_Gorbachev_(1990)

Read it -- all of it -- and understand it, or continue to be grotesquely and obscenely wrong permanently.

 

How is this silly exercise in semantics still being debated?

In 2019, ITEP reported Netflix and Amazon paid no federal taxes. Other companies on this list include Chevron, Delta Airlines, Eli Lilly, General Motors, Gannett, Goodyear Tire and Rubber, Halliburton, IBM, Jetblue Airways, Principal Financial, Salesforce.com, US Steel, and Whirlpool.

By the OP's logic these companies are withholding the taxes they collected for the government. That doesn't sound legal.

 

everyone outside the English speaking conservative world knows what socialism is. Just fair capitalism with a good safety net and always democratic. All non-english speaking countries have socialist parties and know what it is LOL. Brainwashed misinformed conservatives not so much.... Trumpsters and brexiteers are crazy and misinformed....

 

The mandates no longer exists and Obama did not originally want it. Americans don't like to be mandated. The majority like Obamacare now and more would if the GOP would help fix the problems with it instead of just trying to repeal it. The scumbags by the way, misinformed ones...m