Dear Sprite518,
"You think corporations really pay taxes. They do not... They just pass it to the consumer..."
I never said differently.
However, we've been told that because corporations will no longer send federal corporate income taxes to the federal government, they will lower prices dramatically.
Pigdog's example shows that at even one level, the savings will be 11% of revenues.
I just want pigdog to show me 20 real, actual companies in the Fortune 500 (that's only 4% of the total) that will actually be able to achieve those price reductions from one level of production because the federal corporate income taxes they submit to the government equal 11% of revenues.
I'll match him with 20 that submit less than 5%.
And with another 20.
And another.
If there aren't many companies that fit the model that he displayed, then the savings aren't actually there to be had.
But, like I said, pigdog doesn't appear to be up to the challenge.
sitetest
And you, s-test, present no challenge at all. You've demonstrated you don't understand (don't want to??) what the cascading tax example shows and even more you think only Subchapter C corporations pay taxes and that they pay them as a percent of revenue.
Wrong on all counts. And I see you studiously ignore telling us about your preferred tax plan - a sure sign of a Squirrel. He hasn't even been able to tell us hom many of his treasured C-corps have a marginal tax rate of over 30% - perhaps he doesn't know what THAT is either.
You were asked to tell us how your tax plan helped exporters with border-adjustable taxation, how it brought in more revenue from the illegal economy, etc., etc.
Sorry, pal, it is YOU who are not up to the challenge - and you've amply demonstrated that.