It’s double taxation. You pay your income taxes, and then when you buy GE product a component of the price is to cover their corporate income tax. A corporation is a fictitious legal entity. Any tax on an entity has to be paid by someone else.
To say they pass all taxes along to the customer though, is an oversimplification. Sure, if they get an 8% increase in taxes they would love it if they could just charge 8% more and cover it. But that 8% jump changes the supply/demand curves. Some who were willing to pay the freight but were unhappy about it decide that this is too much and eschew the GE products and services. In other words, it forces GE to re-evaluate their cost/price structure and try to reoptimize it.
“It’s double taxation. You pay your income taxes, and then when you buy GE product a component of the price is to cover their corporate income tax”
I can see the double taxation, just not the predictability of an income tax like other costs have, but I guess an estimate could be made and then some of it passed on.
**It’s double taxation.**
C’mon ... STOP THIS ... Corporations DO NOT PAY TAXES... they COLLECT them as a part of the “cost of doing Business” ... WE PAY their taxes. In figuring price.. all taxes are considered and added in ... Corporate Taxes is a bogus argument, used by Libs and Socialists to spread their Class warfare/ENVY!! You want to get angry about something... get angry at FUHRER OBAMA for handing out OUR HARD EARNED MONEY!!!