To: The Pack Knight; Toddsterpatriot
The embedded tax burden we refer to is reflected in all three: lower wages, higher prices, and lower profits.
Hmmm, lower profits in a record high stock market being bought with lower wages...interesting.
To: lewislynn
Lower than they would have been without the tax. Taxes are an important force in the economy, but they're far from the only force. Luckily, we live in a country that experiences a great deal of economic growth, which generally outweighs the damage done by taxation.
Do you actually think taxes on businesses don't cause lower wages, higher prices, and lower profits than would exist otherwise? If so, then maybe we should raise those taxes, since it would be free money for government programs. Then we could end taxes on individuals for good!
132 posted on
07/02/2007 6:14:47 AM PDT by
The Pack Knight
(Duty, Honor, Country. Friend of Fred.)
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