"Now go to the balance sheet and look under assets and then under liabilities. Do you see taxes under these?"
Like most of the "debates" you are involved in, this one is getting far afield and irrelevent.
Let me explain basic accounting to you. Assets and liabilities on the balance sheet reflect timing differences with respect to the recognition of expenses and revenues. Does the fact that your utility bill shows up as a liability in accounts payable mean that it isn't also an expense? No, it just recognizes the difference between when you pay something (or it is paid to you)and when it is recognized.
You said that corporate income taxes are not a "cost" to a business which can be anticipated and products cannot therefore be priced accordingly. That is a demonstrably false and even ridiculous statement that has been debunked here and on other FR threads.
Your attempts to confuse the issue and and move the debate into all kinds of extraneous and technical areas is duly noted. The more educated and sophisticated lurkers on this thread won't be persuaded by such transparent and juvenile tactics.
Enough said.
Does the fact that your utility bill shows up as a liability in accounts payable mean that it isn't also an expense?Does your utility company send you a bill only if you make a profit? Does your company require utilities to operate and produce whatever it produces? Utilities would a factor of production.
You said that corporate income taxes are not a "cost" to a business which can be anticipated and products cannot therefore be priced accordingly.I don't believe I said that exactly (the anticipated part). I believe I said they weren't a factor in pricing. If a business could raise their price to account of income taxes, they would do it anyway. A business attempts to maximize profits whether they pay tax on those profits or not.
That is a demonstrably false and even ridiculous statement that has been debunked here and on other FR threads.By whose standards has it been debunked? Yours?
Your attempts to confuse the issue and and move the debate into all kinds of extraneous and technical areas is duly noted. The more educated and sophisticated lurkers on this thread won't be persuaded by such transparent and juvenile tactics.I believe it was you who asked what category of financial transaction taxes would be in.