China Facts

[togor]

Listen, can you imagine if I had a secret Chinese bank account?

Answer: Yes we can!

[Vern Humphrey]

ok,

so,

I sell you a widget,

here in central VA, Sales Tax is 6%, so I charge you 6% and pay that to the state,

if my business shows enough income, I have to pay income taxes, to the feds and state,

and I have to pay income taxes on any money I make,

so,,

restating the question, how much in tax is paid to China by companies doing business in China, AND/OR by the folks working there, and the folks that own the company,

IOW,

what is the cost in $$$ to do business in China

Different question -- I never said governments do not get money from businesses. I said that the CONSUMER is the one who pays. The business only collects the taxes and passes it on to the government.

Those who cheer for more taxes on businesses are actually cheering for more taxes on themselves. With a sales tax, the consumer gets the double whammy -- he pays more sales tax on a product that costs more because of taxes.

[lyman]

maybe the Minister of Tax Assessments will come by and let us know,

surely he is lurking, since I can see he has read this thread

[togor]

There's been lots of studies on how taxes affect revenue streams, and to nobody's surprise--hang on maybe speaking too soon there--it's a good bit more complicated than Perfesser Vernon would like to believe. Who is astonished to learn that?

As it happens, Trump gave us two really useful natural experiments to observe.

One is the tax increases of tariffs, the other is the reducing of corporate tax rates. Rule changes that affected the flow of money through organizations. It's out there for people to read, if they really care to & have the brain cells for it.

Oh and look at how the Trump bags of money (ie stimulus deposits) have been treated differently by different people. Why would people think that tax bill changes wouldn't similarly have a variety of responses.

If baby boomers cared about red ink then we would have noticed by now. Trump of course is a first-wave boomer, and a spendthrift's spendthrift.

[lyman]

well Vern, I was right


the M O T A showed up

[togor]

well Vern, I was right


the M O T A showed up

Don't feel bad.

[lyman]

HA!!!

I am still LOL'ing at how predictable you are

[Vern Humphrey]

I wish my dog was as well-trained as the Bishop.

Fetch, boy, fetch!

[S.A. Boggs]

I wish my dog was as well-trained as the Bishop.

Fetch, boy, fetch!

I bet your dog doesn't sit in the middle of the road licking something like Togey does!
Sam

[Vern Humphrey]

I bet your dog doesn't sit in the middle of the road licking something like Togey does!
Sam

He does, but he only licks his OWN something.