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Mon Apr 9, 2012, 06:57 PM

 

I HATE this repig Talking Point

"If you raise taxes on corporations, they'll just pass the cost on to you!"

If that's so, why didn't consumer prices drop during the many years that corporate taxes went down? (and seemingly keep going down)

And why didn't consumer prices go up when corporate taxes went up (the many decades ago when lies didn't rule repigs)?

I HATE lies & repig Talking Points.

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Arrow 12 replies Author Time Post
Reply I HATE this repig Talking Point (Original post)
bongbong Apr 2012 OP
guitar man Apr 2012 #1
quinnox Apr 2012 #2
abelenkpe Apr 2012 #3
gateley Apr 2012 #4
chowder66 Apr 2012 #5
1StrongBlackMan Apr 2012 #6
bongbong Apr 2012 #8
1StrongBlackMan Apr 2012 #10
saras Apr 2012 #7
Ilsa Apr 2012 #9
K8-EEE Apr 2012 #11
mistertrickster Apr 2012 #12

Response to bongbong (Original post)

Mon Apr 9, 2012, 07:01 PM

1. Yeah they'd like us to believe that

Just like they'd like us to believe that raising American workers wages makes things more expensive, but hundreds of millions in executive pay and bonuses doesn't.

Ask them why gasoline is so expensive when the oil companies aren't paying any taxes at all?

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:03 PM

2. and the logical outcome is

then lower corporation taxes to zero, and then they will pass on the savings to the consumers rather than take as much profits as they can. Yea, right.

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:06 PM

3. I hate that people give in

to such obvious bullying so easily.

"If I don't give him my lunch money the big bullies will beat me up and take it anyway."

"If we stop subsidies to big oil they'll raise the cost of gas."

"If we raise corporate taxes they'll pass the cost on to you."

Yeah.

Only if corporations are the law and not the government. O wait....

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:07 PM

4. Nobody ever calls them on this shit, either. We need to counter with facts! nt

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:15 PM

5. Yeah, keep lowering taxes on corporations so no one has the money to buy your product.

Last edited Mon Apr 9, 2012, 07:16 PM USA/ET - Edit history (1)

Then lower the cost of production to make more profit as your sales plummet
Then get sued for your crappy product
Then go out of business


Let's find out.

on edit: I'm speaking to the people/corporations who take the view of; Whaaaaaaaaaaa.

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:16 PM

6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

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Response to 1StrongBlackMan (Reply #6)

Mon Apr 9, 2012, 07:29 PM

8. Too many facts

 

You stated at least 3 air-tight facts in your post.

That is at least 4 too many for the sheep that get eaten by Fox "news".

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Response to bongbong (Reply #8)

Mon Apr 9, 2012, 07:53 PM

10. It's funny ...

Last edited Mon Apr 9, 2012, 07:54 PM USA/ET - Edit history (1)

Once in the comment section of my Tucson daily rag, I once read this narrative coming from a "small business owner."

When I explained the concept of taxable income versus revenue and suggested that she fire her tax adviser and seek out any competent tax strategus, she began reporting my comments - thus causing them to be hidden from the board.

Oh Yeah ... She also denied having ever listening to or watching fox"news" or limbaugh ... while quoting from fox"news".

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:28 PM

7. So how did that work when we had a 94% maximum tax rate?

 

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Response to bongbong (Original post)

Mon Apr 9, 2012, 07:30 PM

9. For almost everything else, they claim that

the free market determines the cost of goods and services. I think it is more complicated than these talking point analysis.

They lie about that with respect to CEO salaries, when it is corporate peer pressure and threat of losing board seats that determine that.

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Response to bongbong (Original post)

Mon Apr 9, 2012, 08:54 PM

11. Also when corporations give money to Republican politicians is that cost passed on to us?

If so is there an "opt-out" form so I can get that money back?

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Response to bongbong (Original post)

Tue Apr 10, 2012, 10:16 AM

12. Very good observation. nt

 

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