ccarella pfp
ccarella
@ccarella.eth
Since that craziness is over... raising the Corporate Tax rate or "making them pay their fair share" is a hidden tax on consumers that leads to inflation. Taxes go into the cost of production. Do you think the companies are just going to be like, oh yea no big deal I'll just make less money or do you think they will raise the prices and hurt the consumer?
5 replies
1 recast
38 reactions

Saadiq pfp
Saadiq
@saadiq
Disagree. Companies raise prices as much as they can independent of their tax situation. The constraint on them is if they have pricing power in their space. A tax on their inputs is a more direct contributor to raised prices because it would affect all players evenly. A tariff, for instance. Corp tax rate only affects their profits, right. So I think less direct contribution to prices.
0 reply
0 recast
0 reaction