Comments by "Hobbs" (@hobbso8508) on "Fox Business" channel.

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  17.  @sblijheid  "Those are direct taxes that will be paid for indirectly by those making less than 400K a year." You can't pay for personal income taxes indirectly, that's just silly. "When taxes on corporations or the wealthy go up, the prices are marked up" So that businesses can make more profits. Bigger corporations pay no taxes anyway so why would they change their prices at all? "people get fired" Why would people be fired. You don't pay corporate taxes on employee wages. Wages count as expenses and expenses offset corporate taxes. Employee wages stay the same because the money being used to pay them is not taxed anyway. "more manufacturing moved overseas" That's to do with the cost of manufacturing. As those are all expenses and not anything to do with profits this would happen anyway and doesn't effect corporate taxes. In fact if you lower taxes this happens more as there is more incentive to invest less and profit more as you pay less taxes on said profits. If you increase taxes you encourage businesses to reinvest and raise wages to stay competitive as it ends up being better value for money than paying taxes. You also seem to support this odd notion that businesses aren't already doing everything they can to save money. If they could pinch a penny by moving overseas then they would. "and the wealthy still get their same income on a net basis and the middle class tax payers carry the burden" By this logic when taxes go down do the price of products reduce. Or could it be that item costs are based on a competitive marketplace with material costs and manufacturing costs and have absolutely nothing to do with taxes on profits. It's a mystery I know but think hard. "The bottom 50% welfare receivers are oblivious to all of this since they don't work and don't pay taxes." Didn't you just say the cost of products will increase though? That will effect those at the bottom the most. Maybe learn what corporate taxes are before commenting again.
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