Originally Posted by
GlobeTreker
People are usually poor because they are stupid or lazy.
Classy
Originally Posted by
GlobeTreker
Businesses don't pay taxes, they collect them from the consumer. For example, do you think if taxes were raised tomorrow on the oil industry that you wouldn't see an immediate rise in the cost of gas?
Taxes imposed at the state level to companies vary from state to state. Yet I can go to a walmart in one state and then to one clear across the U.S. and the prices wont be very different. So not always true. Also those who automatically raise their prices because of a small tax hike wont be in business long. There's always someone who can keep their prices low,
competition.
Originally Posted by
GlobeTreker
Raise taxes on a business and all you do is increase the cost of the product.
Raise the taxes on the working class and all you do is reduce spending, less money going into the economy. Is my statement always true? No. Just like yours is not either. Point being tax codes typically need to be adapted to a certain climate. Neither extremes will work all the time.