Damus
Matt 🛸 profile picture
Matt 🛸
@Matt
I can't figure out how corporate taxes are anything more than an illusion.

A corporation is a collection of individuals, who are each taxed on their respective gains. The concept already breaks down right here, in my opinion. Especially when you consider that many "investors" are people who have exposure for retirement purposes. But let's say investors don't want to eat that tax. Why would they? Wouldn't their next option be to pass it on to consumers somehow? Price increase, quality decrease, etc.

Unless I'm missing something, pretty much every tax is a sales tax disguised as something else to make the average idiot happier to pay more. This includes tariffs. Property taxes are the only other unique type I can think of, and that's because they're perpetual. But ultimately it's a sales tax too for living in that area.

What am I missing?
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Matt · 1w
“business doesn't pay taxes... only people pay taxes,” -Reagan
The Beave · 1w
The only thing you are missing that the very premise of taxation (and government, IMO) is completely wrong.
Raison d'État · 1w
Corporate taxes exist to prevent owners from stashing earned income in them to defer income tax. Corporate tax is worse than a sales tax: its an income tax. No escape route can be permitted for the little people.
Engineer · 1w
If businesses could just raise prices, why wouldn't they have already done it? Why wait for a tax increase? In the long run, all taxes are born by labor (as reduced real wages) and land owners (as reduced capital values). Price adjustments cancel out the effects on other factors of production. ...