Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Principled
Can you believe this?

Well it is the truth. I don't factor in my income tax into my prices because it is impossible to know ahead of time. I work to maximize profits by offering products at a competitive price while keeping my costs down. Maximizing profits will cause my income taxes to go up, but I do not charge my customers more because I am now making more money.

1,010 posted on 05/23/2005 10:03:51 AM PDT by Always Right
[ Post Reply | Private Reply | To 1005 | View Replies ]


To: Always Right
I don't factor in my income tax into my prices because it is impossible to know ahead of time. I work to maximize profits by offering products at a competitive price while keeping my costs down. Maximizing profits will cause my income taxes to go up, but I do not charge my customers more because I am now making more money.

Ridiculous. Even if you don't explicitly factor those taxes in, you have to charge enough so that your after-tax profits are enough to justify the investment of time and money into your business. Just because you're not doing it consciously doesn't mean you're not doing it.

1,012 posted on 05/23/2005 10:17:33 AM PDT by kevkrom ("Those who stand for nothing fall for anything." -- Alexander Hamilton)
[ Post Reply | Private Reply | To 1010 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson