Zeev's Turnips Talk Politics (ZTTP)

[samaelrocks]

What I was referring to was that there is no possible way to tax a corporation's revenue, income, profit, whatever the case may be. Of course public companies post profits to boost their stock. Exxon missed estimates but still made a 10.9 Billion profit 1st qtr this year. That is referred to by some in power as "windfall" profits that should be taxed.

Does anyone here really think that Exxon would simply accept that 10.9 billion to be decreased by whatever % due to taxes? Hell no. Why? Because their profit margin goals will remain the same and investors wouldn't tolerate it being lowered. They won't lower their targets because of Congress. They'll just raise the price a bit. And that's what I mean when I say that corporations simply collect taxes to pass along to the government. They do not PAY taxes themselves. A tax increase on corporations is a tax increase on you and I.

And there's your inflation, folks. Well, part of it. FORGET ABOUT TAXING CORPORATIONS.