So I should lower my prices and lay off my remaining employees to make less profit? IOW shut my business down.
Now there is a way to pay no corporate taxes!
Incidentally, I’m an Engineer with a business degree.
If corporate taxes were eliminated tomorrow, would you offer your service for the same price? Would all of the people offering the same service keep their price the same?
If I was competing for customers, I would surely drop my price if the corporate tax went away.
Say you charged $150.00 for your service and I now charge $100.00 for the same service. Why can the customer get a better deal from me? Because the tax imposed by the the government has gone away.
If the corporate tax doubled tomorrow, how high would you have to raise the price for the service you offered to continue making money?
Doesn’t the consumer of your service or product end up paying the corporate tax though inflated costs for products and services?