ECONOMICS: Corporations do NOT pay taxes; only real people do

Tuesday, April 25, 2017

FROM THE WSJ

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TALKING POINTS
Tax talk. President Trump has ordered aides to draft a tax plan that slashes the corporate tax rate to 15%, even if that means a loss of revenue and exacerbating the plan’s procedural and partisan hurdles. Mr. Trump told his team to “get it done,” in time to release a plan by Wednesday.

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For the life of me, I never understood that “We, The Sheeple” don’t understand what appears to me as “simple economics”.

When taxed, “corporations” have really ONLY two choices — pass them along or go out of business. 

Yes, I know that they could potentially reduce their profits, but let’s examine that concept. As Larry Kudlow says “Profits are the mother’s milk of stocks and the lifeblood of the economy.” When you reduce profits, you send signals to the economy that things are bad here. Then, the flow of capital dries up. Eventually, profits are zero and there is no incentive but to shut down.

So, taxes get passed along to the consumer. Lucky, real people get to pay MORE taxes.

What’s really bad is those taxes are HIDDEN in the priced of stuff we buy. Pick up any can of beans and tell me how much of that cost is taxes. It can’t be done. Argh! And, the politicians and bureaucrats just love it that way.

Then, want to know why corporations move overseas? The US tax rate on corporations is 30%. I think that’s the highest in the world. There’s the incentive to move. And, if you can’t move, that’s a reason to not go into business. 

Argh! Cubed!!!

Wake up people. The correct corporate tax rate is ZERO! Make the people aware of how much Gooferment really is costing us.

Argh!

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FINANCIAL: Talk to one of the folks at RICE DELMAN for free no-obligation to do anything but listen

Tuesday, April 25, 2017

 

 

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Of course, they’d like you to become a Client. And their minimum account is 5k$. BUT, that’s not the purpose of starting the conversation. As Ric says — sometimes too often — he wants everyone to become “rich”. (That’s a concept I find hard to wrap my head around. EVERYONE?)

I have had people without two nickels “chat with an advisor” and come out with a plan how they were going to become “rich”. Or, at least, “richer”.

I have no vested interest in this recommendation. I get nothing from them, except the service I pay for. 

TANSTAAFL (“There Ain’t No Such Thing As A Free Lunch” From Robert Heinlein’s classic) 

But you can get some free advice. Which IMHO is worth a lot more than you pay for it. 

Remember I’m the cynic who worked on Wall Street.

Laugh!

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