"Income taxes simply are not an expense in the production function and your inability to understand/admit that does not elevate you above those who know different. Such taxes come AFTER all activity has ceased: production, and sale. Then profit is calculated and only after these three steps is income tax finally determined."
NOTE TO ALL:
This is a silly argument and a diversion put forth by those with a vested interest in the current tax system. It has been going on for years on FR now. Ask yourself one simple question: Where does the money come from in most businesses to pay taxes (income or otherwise)? When you answer that simple question, you will see right through the attempts to obscure what is very obvious to most.
HA! HA! HA! HA! HA! HA!
HA! HA! HA!
Laughing them out of existence.
Maybe pitiful too.
Please refrain from lying about my motivation in discussing this dead issue. When fanatics cannot answer simple question they attack the questioner.
Not all companies even pay income taxes. Corporate income taxes are a tiny portion of total taxes hence the claims of their price impact is wildly overblown.