by Lore » Sun 21 Nov 2010, 13:19:32
$this->bbcode_second_pass_quote('Expatriot', 'W')ow. Gotta love the Internet.
What would be great on a board like this would be to have a picture of everybody at their computer and face shot, and their resume.
I picture one poster on this forum (not Lore, BTW) as an obese, 45ish woman pounding Doritos, never had a job more important than phone-girl at the pizza joint, pontificating endlessly on everything. And because forums offer a natural filter for everything, there is a presumption that all words deserve equal consideration.
Lore, I picture you as a young, male, liberal. Maybe 28ish.
Your post, above, smacks of having no experience running a business.
Your comment(s) are quite laughable and your condescending remarks illustrate how little you do know about the subject, let alone the assumptions you make about people posting on them.
I happened to be a retired former corporate executive that started with his own entrepreneurial corporate enterprise, built from virtually nothing, which was sold. Later, working in upper management for some of the largest European industrial enterprises in their class as well as in upper management for one of the leading Fortune 200 corporations here in the U.S. I know first hand the responsibility of paying out large personal as well as business tax. I wrote the checks.
I’ve often had to wrestle with pricing issues of this very nature.
If you’d do a little research you’d find the present corporate rate of tax is one of the lowest in recent history even if the marginal tax rate were to go back to that of the Clinton administration. We’ve had higher corporate tax rates during the growth years of 1947 - 1975 at which point both corporations and the average worker prospered.
$this->bbcode_second_pass_quote('Expatriot', '
')You want a 5% tax. Therefore, you'll argue anything to support it, whether it's based on reality or not.
Good luck finding a business that already isn't offering close to the lowest price it can. If the gov sticks a 5% tax on a product, there is no ability to simply "absorb" that cost, as you put it.
That's coming from experience Lore, not wishful thinking
I have a friend who runs a body shop. His profit is something like 8 cents on the dollar of each repair. For a 3,000 fender job is 240 bucks. If you put a 5% tax on the job, his profit goes to 90 bucks.
Your suggestion, above, seems to imply that businesses aren't already attempting to out-sell the other guy with lower prices. Frankly rather silly.
I would venture to say your experience is somewhere several levels behind mine. You're math and understanding of the tax codes is also a bit fuzzy.
You’re friend hasn't obviously been able to create a viable enough business to pay much in taxes, let alone suffer from the increased tax burden on excess profits. If he is incorporated, his wage comes out corporate pretax.
$this->bbcode_second_pass_quote('', ' ')In fact presently, the reason inflation is so low while commodity prices are accelerated upwards, is for just this reason.