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Among the wealthy, a new voice for fiscal sacrifice
#18
RE: Among the wealthy, a new voice for fiscal sacrifice
(December 5, 2010 at 11:56 pm)Mishka Wrote: Better take some business classes again. The onwers of S Corp companies are the company. The company profits are their earned income. And the owners can control the prices. If the costs go up to all the owners, do you think many of them will take the hit to their bottom line or raise the price of goods sold or services provided? The market does have a big effect, but when the tax goes up for everyone, everyone in the market will acted similarly.

OK, I was thinking about the stock-owned corporations. These S-corps weren't that common when I was in business school. Still, my first point about how they don't control prices still applies. This is especially true when there's also overseas competition to consider.
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RE: Among the wealthy, a new voice for fiscal sacrifice - by DeistPaladin - December 6, 2010 at 1:32 am

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