[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. Fortunately for them and every other manufacturer, they all pay taxes, so the price can be set with that in mind.

I think we both are saying the same thing, proving my point that the offshore companies have an advantage in the market place.

[philetus]

General Motors, when pricing the new models, has to include taxes as the cost of doing business.


The cost of doing business is a tax writeoff.

[Willie Green]

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.