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To: lewislynn
I get my information from 32 years of work experience, a bachelor's degree, a master's degree, a CPA license, and owning my own business, as well as having hands-on experience in small to medium-sized business accounting and tax departments, as well as 14 years inside the IRS where I examined the books and financial statements of thousands of businesses, big and small.

You know as well as I do that the media's reporting on Enron and its abuses is designed to embarass or implicate the Bush administration, even though all their fraud occurred during the Clinton watch. A fact they conveniently omit.

Do you REALLY think you don't pay a corporation's taxes when you buy their product? Here's a hint...they aren't using any of their money.

15 posted on 02/14/2003 1:40:24 PM PST by Auntie Dem (Hey, hey, ho, ho. Terrorist lovers gotta go.)
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To: Auntie Dem
Do you REALLY think you don't pay a corporation's taxes when you buy their product? Here's a hint...they aren't using any of their money.

No... but the added expense of the passed-on tax artificially inflates the price of the purchased good or service, therefore artificially suppressing the buying power of the customer. The end result is that the customer would be able to spend more money on the company's product, if they didn't have to pay a chunk to the government.

Taxes suppress the market. Some taxes are made artificially high specifically for that purpose... excise taxes come to mind.

All of which you know, of course.

19 posted on 03/08/2003 6:36:11 PM PST by Oberon (This tagline intentionally left blank.)
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To: Auntie Dem
Do you REALLY think you don't pay a corporation's taxes when you buy their product?

All your experience aside. I can tell you I am a business and I, not you or anyone else pays my taxes...Who pays your taxes?

As an example, was there an immediate rise in transportation costs to offset the escalating price of fuel?...NO!...Will all companies raise their prices or will some absorb the cost in reduced profits?...The same is true of taxes.

If companies could automatically raise their prices for taxes, what's stopping them from raising them for no reason?

20 posted on 03/08/2003 11:13:40 PM PST by lewislynn
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