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We are Fedup with Fedex
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<blockquote data-quote="vantexan" data-source="post: 942222" data-attributes="member: 24302"><p>Not sure what you are expecting. Corporations do file their taxes and try to minimize the amount they officially have to pay. But generally they've factored that expense into what they already charge their customers, just like they do for supplies, equipment, etc. In a very competitive environment they can't charge their customers too much so if the government raises taxes it hits their bottom line. Depends on how profitable the industry they're in is as to how hard </p><p>the taxes hit. Grocery chains tend to have very small profit margins, like 2%. Oil companies run at about 9% to 10%(and a big chunk of what we pay at the pump is tax). Google had a 28% tax margin last year. Wall Street firms tend to have high margins. Ever wonder why Wall Street is so generous to Democrats when they're in power? Trying to keep the tax man away. When I hear Republicans blame moving factories overseas on high taxes I believe they're being disingenuous. They moved them for higher profits. The taxes they pay here don't keep them from making a profit. They just want more, and don't care what it does to the rest of us.</p></blockquote><p></p>
[QUOTE="vantexan, post: 942222, member: 24302"] Not sure what you are expecting. Corporations do file their taxes and try to minimize the amount they officially have to pay. But generally they've factored that expense into what they already charge their customers, just like they do for supplies, equipment, etc. In a very competitive environment they can't charge their customers too much so if the government raises taxes it hits their bottom line. Depends on how profitable the industry they're in is as to how hard the taxes hit. Grocery chains tend to have very small profit margins, like 2%. Oil companies run at about 9% to 10%(and a big chunk of what we pay at the pump is tax). Google had a 28% tax margin last year. Wall Street firms tend to have high margins. Ever wonder why Wall Street is so generous to Democrats when they're in power? Trying to keep the tax man away. When I hear Republicans blame moving factories overseas on high taxes I believe they're being disingenuous. They moved them for higher profits. The taxes they pay here don't keep them from making a profit. They just want more, and don't care what it does to the rest of us. [/QUOTE]
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