Pyrex wrote:The link you yourself quoted says, on top, that taxable income equals gross income less allowable tax deductions...
"allowable deductions" and costs isn´t exactly the same.
I mean, even the IRS itself calls it double taxation...
Well, i guess the IRS hasn´t gotten the message from the supreme court yet. If companies are people, no person has been taxed twice. Also, if companies are people, then shareholder are slave-owners ......
Given the amount of free time you have to constantly spew anti-American crap on this site, I would guess some sort of Russian troll farm operative.
Well, from what you are posting one would assume you have no education whatsoever, so it is always difficult to judge from postings.
and would thus necessitate an increase in prices.
So? Marco-economically you can also expect available income to increase for everybody else, as the average taxation on all non-cooperations would shrink accordingly. Usually that would of cause screw over low income families, but it would be entirely possible to set up a tax/tax credit system that is neutral in purchasing power, yet taxes Wall-Mart at 20%.
And of course if a commodity vendor like Walmart can have a profit margin of almost 5%, then the US market is seriously lacking competition, unless that was an outstanding successful year.