Wednesday, July 13, 2011
A Thought on Taxes
If you use the justification that businesses are making good profits to raise taxes on businesses, what will they cut from their budget to pay for the new taxes? Since the purpose of a business is to make profit, I would guess that the business would cut from the budget whatever would have the lowest impact on their profit. I highly doubt that they would take that money that they need to pay for the new tax directly out of the profit. And I highly doubt that that business's executives would cut their own salaries. They might lay off some employees instead. Who knows, I do not have experience in business, so I could be way off. However, it goes against my reasoning that any taxes on business would be a good idea.