Taxing business is a hidden tax on individualsOnly when I buy their products/services...I like it that way.
GM is reporting losses. How much of their income tax will be "imbedded" in their losing proposition of employee discounts for everyone?...
Speaking of that, can you explain how eliminating the tax GM won't be paying would lower their prices an additional 20+%...I didn't think so.
You seem to equate "reporting losses" with "not paying taxes". Did you know that is not necessarily the case?
If you like paying the taxes when you "... buy their products/services ..." you'd LOVE the FairTax. That's exactly the way it operates - and you get to keep your gross wages too (and get a prebate, too).
LL: Only when I buy their products/services...I like it that way.
That's just how the nrst works.
GM is reporting losses. How much of their income tax will be "imbedded" ...
The income tax itself is only a part of costs that result from the income tax system. The way you say it, GM had no accounting costs whatsoever in their determination of profits, expenses, etc. While they may pay no income tax proper this year, they have huge expenses related to their position. They also have employer payroll taxes which are rolled into prices or deducted from already existing reserves from previous sales revenue (ie prices).
Beyond that, business that consistently lose money will die.
That you refuse to acknowledge that prices are inflated by taxes and tax costs is the clearest indicator of your disingenuousness.
The nrst HR 25 eliminates those taxes and 90+% of the tax costs and replaces them with a single, visible sales tax at purchase.
Kick around here for 4 or 5 minutes.