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To: Lokibob
General Motors, when pricing the new models, has to include taxes as the cost of doing business. Otherwise, at the end of the year, the bottom line COULD show that they sold each automobile at a loss.

And I suppose you've never seen an automotive manufacturer post a loss.

Corporate Income Taxes are NOT a cost that is "passed along" to the consumer.
They are merely government confiscation of a portion of the profit made (if any) after costs are deducted from revenues.

18 posted on 05/27/2003 4:25:06 PM PDT by Willie Green (Go Pat Go!!!)
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To: Willie Green
Corporate Income Taxes are NOT a cost that is "passed along" to the consumer.

They are if the "consumer" is the government.

19 posted on 05/27/2003 4:28:26 PM PDT by Salman
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