Quote:
Originally Posted by rubecube
Right, but if business can only be successful at a certain corporate tax rate, whatever the threshold is, then it would appear that the demand for whatever product that business is supplying is not all that stable.
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There's a whole lot more to whether a company is successful or not. Tax rates impact the net profits of a company. The impact that has, has nothing to do with supply and demand.
Quote:
Originally Posted by rubecube
Again though, I do think that corporations should be responsible for paying taxes to support the infrastructure they are making use of and profiting from. Is 12% a fair number? Hard to say.
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I won't disagree with this. Personally, I just think the timing was bad is all. I think the increase should probably have been introduced over time like the planned minimum wage increases. Go from 10 to 11 to 12 or even at 0.5 increments. Would be easier to handle than a sudden 20% increase in your tax bill.