inflation reduction act to double size of IRS

[mostpost]

O the rail posted

Jimmy Corporations don't pay Taxes... they are a conduit to collect them and pass them on to the coffers of the government be it local or federal. So this 15% will be passed on plus the added cost of compliance... so really 18 to 20% will be passed along to the end users.

Here let's put it in terms even a former letter mule can comprehend. Why does the United States Post Office keep raising the price of stamps on their customers?

My response

I googled, “Do corporations pass their corporate tax obligation on
To their customers?” Guess what? Every conservative web site said, Corporations don’t pay taxes. Every Liberal site said yes they do. Which proves conservatives know not of which they speak.

Corporate taxes are paid on corporate profits. Corporate profits are known at the end of the year, which is when taxes are assessed. So, how does a corporation know how much to raise its prices to pay its taxes. If it raises them to much it loses business to its competitors. Even if it guesses correctly, passing the tax on to its customers means the corporations profits increase and therefore, its tax burden.

The corporation can’t pass along its tax burden because it can’t know what that burden is and the very act of passing along that burden changes it.

The United States Postal Service keeps raising the price of a stamp because a Republican Congress forced them to fully fund their retirement program 75 years into the future. People who aren’t even born yet have their retirement fully paid for; if they go to work for USPS. Naturally, none of those Republicans care one wit about postal employees. Their objective was to destroy USPS and they may yet succeed l

[JustRalph]

Read it and weep


https://www.atr.org/list-of-tax-hike...RYnO5rRQpTeaxk

[mostpost]

Originally Posted by mostpost

O the rail posted

Jimmy Corporations don't pay Taxes... they are a conduit to collect them and pass them on to the coffers of the government be it local or federal. So this 15% will be passed on plus the added cost of compliance... so really 18 to 20% will be passed along to the end users.

Here let's put it in terms even a former letter mule can comprehend. Why does the United States Post Office keep raising the price of stamps on their customers?

My response

I googled, “Do corporations pass their corporate tax obligation on
To their customers?” Guess what? Every conservative web site said, Corporations don’t pay taxes. Every Liberal site said yes they do. Which proves conservatives know not of which they speak.

Corporate taxes are paid on corporate profits. Corporate profits are known at the end of the year, which is when taxes are assessed. So, how does a corporation know how much to raise its prices to pay its taxes. If it raises them to much it loses business to its competitors. Even if it guesses correctly, passing the tax on to its customers means the corporations profits increase and therefore, its tax burden.

The corporation can’t pass along its tax burden because it can’t know what that burden is and the very act of passing along that burden changes it.

The United States Postal Service keeps raising the price of a stamp because a Republican Congress forced them to fully fund their retirement program 75 years into the future. People who aren’t even born yet have their retirement fully paid for; if they go to work for USPS. Naturally, none of those Republicans care one wit about postal employees. Their objective was to destroy USPS and they may yet succeed l

https://www.dailykos.com/stories/201...r-Higher-Taxes

This says it much better than me.

[AndyC]

Originally Posted by mostpost

https://www.dailykos.com/stories/201...r-Higher-Taxes

This says it much better than me.

What an idiotic article. Taxes are not a cost of doing business, really? Clearly the person who wrote the article has never been in corporate finance or accounting or any finance or accounting for that matter. Taxes are projected and budgeted way into the future.

[Inner Dirt]

Originally Posted by JustRalph

Read it and weep


https://www.atr.org/list-of-tax-hike...RYnO5rRQpTeaxk

Here you go from the article:



A letter to Congress from the American Gas Association warned that the methane tax would amount to a 17% increase on an average family’s natural gas bill.


You people with gas for your home and business heating and cooking purposes have to pay an extra 17% for natural gas, cry me a river.
Some people would complain if their beer was too cold. Do you people that complain about everything this administration is doing for the good of everyone and the planet realize how self centered you are?


I would love to sign a check for a natural gas bill for heating my home and shop. I am stuck using electricity and heating oil in portable heaters.

[JustRalph]

Originally Posted by Inner Dirt

Here you go from the article:



A letter to Congress from the American Gas Association warned that the methane tax would amount to a 17% increase on an average family’s natural gas bill.


You people with gas for your home and business heating and cooking purposes have to pay an extra 17% for natural gas, cry me a river.
Some people would complain if their beer was too cold. Do you people that complain about everything this administration is doing for the good of everyone and the planet realize how self centered you are?


I would love to sign a check for a natural gas bill for heating my home and shop. I am stuck using electricity and heating oil in portable heaters.

My nat gas bill at my restaurant is $1200+ a month. I’m not happy

[fast4522]

Originally Posted by JustRalph

My nat gas bill at my restaurant is $1200+ a month. I’m not happy

They have done everything that they could to hurt restaurants, people who like to eat can always go on a cruise ship.

[Inner Dirt]

Originally Posted by JustRalph

My nat gas bill at my restaurant is $1200+ a month. I’m not happy

I was just messing with you Ralph, I was playing the part of the liberal or any other selfish person who thinks only for themselves. I know for a fact even if you get high rates for natural gas per the national average and low rates for electricity per the same, if you replaced all the natural gas appliances with
"energy star electric" your utility bills would go up quite a bit. That is nothing compared all to the expensive electrical upgrades you would need.



Maybe you should be the sacrificial lamb, for the cause. Move back to California into one of those new construction mandated all electric commercial properties. Build a same sized restaurant, in an area with similar demographics. List the cost of the all electric construction compared to being able to use natural gas. Then compare utility bills, for operating expenses, and amortize construction costs over the typical life of a restaurant. Then you will report back on the increased expenses you had to pass on to customers.

[Inner Dirt]

Originally Posted by JustRalph

My nat gas bill at my restaurant is $1200+ a month. I’m not happy

P.S. I believe everything you post, you just don't always understand when I am screwing around and being sarcastic. I can have a strange sense of humor at times.

[fast4522]

Originally Posted by JustRalph

Read it and weep


https://www.atr.org/list-of-tax-hike...RYnO5rRQpTeaxk

The resident commie will not cut and paste your link.

[mostpost]

Originally Posted by JustRalph

Read it and weep


https://www.atr.org/list-of-tax-hike...RYnO5rRQpTeaxk

$6.5 Billion Natural Gas Tax Which Will Increase Household Energy Bills

What they don’t tell you is this is a tax on Methane emissions. The less methane you emit, the lower the tax you pay. They also don’t tell you that the bill offers generous subsidies for companies that install emissions reducing technology.

As for homeowners, in Illinois, a typical homeowner might pay $30-35 a month more in the coldest months.

They also make no mention of consumer savings on clean energy rebates, health insurance premiums and reduced drug prices. One estimate is that those savings may be as high as $1800 a year.

[Dave Schwartz]

I think I know the answer - having heard it from a very erudite guy earlier today - but I need to ask the question anyway.

"Why must they hire all these new IRS agents?"

(Truly praying someone can provide an answer far different than I heard this morning.)

[PaceAdvantage]

Originally Posted by Dave Schwartz

I think I know the answer - having heard it from a very erudite guy earlier today - but I need to ask the question anyway.

"Why must they hire all these new IRS agents?"

(Truly praying someone can provide an answer far different than I heard this morning.)

to go after the middle class...you don't need that many to go after the highest earning people in this country

[PaceAdvantage]

PS Republicans are no longer the answer to this entire problem

They are a huge part of the problem.

[Dave Schwartz]

I am part of a group of guys who call themselves The Futurists.

Everyone in the group (except me) either owns or manages a $100m and up company. (I know; it's crazy. Why am I there, right?)

One of them said to me this morning that the plan is to collect taxes that are not being paid by auditing the crap out of Americans.

More specifically, registered Republicans.