1. #1121
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    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    Yes it does. Part of the cost of manufacturing is taxes. It's part of the cost of everything. Every company pays taxes, and the taxes affect the prices, the pay to employees, and the money the shareholders make. This isn't difficult. It's economics 101. If the taxes go up, the cost of manufacturing, or selling, or stocking, or anything else (or everything else) goes up. You've demonstrated you understand this. How can you not understand that the cost also goes down when the taxes go down. And if lower taxes gives a company a way to bring prices down, and give them an edge over competition, why wouldn't they lower their prices?

    Or are you saying that an entire industry will agree to pass that money on to shareholders and not use it to increase their market share?
    To be completely factual, taxes are considered an expense, not a cost. Costs affect Gross Profit and are based on goods sold. Taxes are considered to be expenses, same as salaries and wages, and usually are based on the previous year's net profit. Both affect the the current net profit which in turn affect pricing. Tariffs are paid directly by the import company if they are import duties or the export company if they are export duties and are expenses for those companies that they pass on and become a cost of goods to purchasing company. Net result is the same.

  2. #1122
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    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    Yes it does. Part of the cost of manufacturing is taxes. It's part of the cost of everything. Every company pays taxes, and the taxes affect the prices, the pay to employees, and the money the shareholders make. This isn't difficult. It's economics 101. If the taxes go up, the cost of manufacturing, or selling, or stocking, or anything else (or everything else) goes up. You've demonstrated you understand this. How can you not understand that the cost also goes down when the taxes go down. And if lower taxes gives a company a way to bring prices down, and give them an edge over competition, why wouldn't they lower their prices?

    Or are you saying that an entire industry will agree to pass that money on to shareholders and not use it to increase their market share?
    The tax decrease isn't on the front end, it is on the back end. On gross income, so this will not affect the cost of manufacturing.

  3. #1123
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    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by ZOOTECH View Post
    Since the taxes have been lowered, when can we expect lower prices?
    As the tax rate change took effect on January 1 this year, it could take until after the end of the first quarter before those doing quarterly estimates will know what their true savings will. For most, they will not know fully until after taxes have been filed next year.

  4. #1124
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by copier addict View Post
    The tax decrease isn't on the front end, it is on the back end. On gross income, so this will not affect the cost of manufacturing.
    But tariffs on materials will.

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by slimslob View Post
    But tariffs on materials will.
    Exactly. So the tax decrease will not lower prices, but the tariffs will increase prices.

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    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: Just how Crazy is Donald Trump!

    Hungry To Leave Power Games: Rex Tillerson





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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    You know, most of the time, I just ignore your posts. There's so much rhetoric, it's obvious you don't think about these things very much. Cutting and pasting has been your tactic. But then you post this. And I'm sure that it's something you've heard on CNN or MSNBC. But this really intrigues me. I'm wondering why you think this, but would deny that tax cuts would trickle down to lower prices?

    The TAX Scam is just that. You HAVE TO PAY BACK the 1.5 TRILLION DOLLARS. It's NOT FREE MONEY. The TAX SCAM is not PAID for with spending cuts unless you make HUGE cuts in Society Security , Medicare, Medicaid, Defense etc.....
    Short term gain for the RICH with long term pain. Just who do you think is going to pay the 1.5 TRILLION dollars back? The US Gov can't default on is loans like the TRUMP Casino's.

    Also please share your GIANT tax benefits you got , with all your lower prices. Did your power bill drop? Insurance bill drop? Rent drop? Food bill drop? Gas price drop?
    Last edited by bsm2; 03-15-2018 at 11:32 AM.

  8. #1128
    Service Manager 1,000+ Posts theengel's Avatar
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    Re: Just how Crazy is Donald Trump!

    Since the taxes have been lowered, when can we expect lower prices?
    I think we might, in some industries, but we're already seeing bigger paychecks.

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    Service Manager 1,000+ Posts theengel's Avatar
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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by copier addict View Post
    Exactly. So the tax decrease will not lower prices, but the tariffs will increase prices.
    So you're saying that since taxes are paid after making money, instead of before making money, it won't affect prices?

  10. #1130
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    Just how Crazy is Donald Trump!

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    Re: Just how Crazy is Donald Trump!

    Quote Originally Posted by theengel View Post
    So you're saying that since taxes are paid after making money, instead of before making money, it won't affect prices?
    What I'm trying to say is, if a corporation has higher profits for any reason, it means higher dividends for shareholders.

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