President Joe Biden
Right now, we need VP Biden, we need him to step down and drop out so Bernie sanders can save this country from this global crisis just like FDR.
A thread to debate the efficacy of a Joe Biden Presidency in the midst of a global pandemic and impending Great Recession/Depression.
Where is Joe Biden? Can he beat Trump and is he even trying to? What would a Joe Biden Presidency look like in these times? Where is he and why isn't he leading?
I think it is pretty straight forward. The companies they buy the lead from sell them the lead cheaper because their costs are down because taxes are lower. Since every pencil companies costs go down because of lower taxes they then charge less per pencil. Pretty simple stuff.
So, big brain, looks like you learnt from your original mistake and you now realise that costs and taxes for the pencil company are not the same thing, since you changed your example from "it now costs less to make a pencil" (by simply subtracting the tax saved from the cost) to "it now costs less to buy materials". It seems we have some way to go to generalising this lesson, as you still appear to think that they are the same thing for their suppliers.
Are you suggesting taxes are not an expense for a company?
Suggesting? No, I'm not "suggesting" anything. I've been trying to get it through your thick skull for the best part of the last 10 years that taxes are not operational costs. We have this conversation at least annually. I even tried to show you where corporation taxes appear on an income statement, since it's clearly a very complicated concept for a financial advisor to grasp.
Taxes are an expense. End of story. You've humped this before, d2. You are wrong.
Note: I have no comment on bahbah's larger points.
Taxes are an expense. End of story. You've humped this before, d2. You are wrong.
Note: I have no comment on bahbah's larger points.
So you'd say bahbah is correct when he says "it use to cost the company 25c to make a pencil, now they pay less in taxes so it costs them 23c to make a pencil"? Coz that's what he said.
Imagine you are running a company selling pencils where your cost of a pencil is $.25 and you sell them for $.50 and now the government cuts taxes and your cost goes down to $.23. Don’t you think you are more likely to higher more or better people and to attract them your pay them more because now everyone else’s costs are down?
I don’t care where taxes appear on an income statement. If corporate taxes go up the total cost of a good goes up. Assuming all else equal would you be more profitable if you made a pencil in country 1 whose corporate taxes are 0% or country 2 who has corporate taxes of 30%?
I don’t care where taxes appear on an income statement. If corporate taxes go up the total cost of a good goes up. Assuming all else equal would you be more profitable if you made a pencil in country 1 whose corporate taxes are 0% or country 2 who has corporate taxes of 30%?
You keep using words like "cost" and "profit" and "tax" with some vague notion that it involves someone, somewhere making or spending money but absolutely no understanding of who and where and how. The reason it helps to know where various amounts appear on an income statement is that it helps to understand these things.
So you'd say bahbah is correct when he says "it use to cost the company 25c to make a pencil, now they pay less in taxes so it costs them 23c to make a pencil"? Coz that's what he said.
Depends on exactly what you are trying to say and how you allocate costs. bahbah's statement is kind of vague. It you are looking at unit costs, then taxes shouldn't go into it. But if you are looking at the total cost of your pencil business, then yes.
Depends on exactly what you are trying to say and how you allocate costs. bahbah's statement is kind of vague. It you are looking at unit costs, then taxes shouldn't go into it. But if you are looking at the total cost of your pencil business, then yes.
Well, if he wants to spend his forum life arguing for lower taxes and how they benefit the economy, he should probably learn that distinction.
I don’t care where taxes appear on an income statement. If corporate taxes go up the total cost of a good goes up. Assuming all else equal would you be more profitable if you made a pencil in country 1 whose corporate taxes are 0% or country 2 who has corporate taxes of 30%?
What happens with taxes cost if you didn’t sell the product ?
Does it matter the tax is 0% or 30%
Well ok .
For me excess greed is when u want to expand your profit by taking more risk for less return .
And u can see it through different measures .
That how bubble are created .
Now what makes people entice to take more risk
( or just starting to take risk in domain they never touch before like new investors in the stock market ,etc)
than usual to make more money then they usually make ?
I call this excess greed because they act opposite of their “normal behavioural conservative” (less risky) ways .
Ps: what makes a distinction between a nit and a lag ?
Do u believe the nit just want less money then the lag ?
U believe those 2 individual are equally greedy ?
What makes the lag be more risk happy ( by playing more end results volatile hands) then the nit to try win more money ?
You keep using words like "cost" and "profit" and "tax" with some vague notion that it involves someone, somewhere making or spending money but absolutely no understanding of who and where and how. The reason it helps to know where various amounts appear on an income statement is that it helps to understand these things.
You keep ignoring me when I ask if a business would be more profitable at 0% or 30% taxes.
You keep ignoring me when I ask if a business would be more profitable at 0% or 30% taxes.
You need to clarify what you mean by "more profitable" before I can answer that question. Would the shareholders make more money? Yes. Would the gross profit of the company be higher? All else being equal, no. This is why I am saying you are just throwing words around without understanding what they mean.
Anyone: I sure would prefer 2 legs over 0 legs.
Montreal: If you were 1,000 pounds and bedridden it wouldn’t matter if you had legs or not.
Anyone: lol, ok
Well u didn’t answer because I guess you just realize how wrong you were not caring about how an income statement works to sustain dubious logic .
You need to clarify what you mean by "more profitable" before I can answer that question. Would the shareholders make more money? Yes. Would the gross profit of the company be higher? All else being equal, no. This is why I am saying you are just throwing words around without understanding what they mean.
+1
Backed by didace too .
This was actually the post I liked the most.
To answer you MrChess
I like it when people point out that their questions are being ignored even though they are pertinent to the convo
Except I explained why I couldn't answer his question in the very next post. I guess catching up with the thread before you post is a permanent work in progress with you.
You keep ignoring me when I ask if a business would be more profitable at 0% or 30% taxes.
Thank you. I get you want to try to dig into the accounting side of things, but at the end of the day, as you know, all that really matter is does this increase shareholder wealth. We can finally end this silly debate.
Thank you. I get you want to try to dig into the accounting side of things, but at the end of the day, as you know, all that really matter is does this increase shareholder wealth. We can finally end this silly debate.
Except your argument for reducing corporation taxes wasn't to make the shareholders more rich, was it now?
Except your argument for reducing corporation taxes wasn't to make the shareholders more rich, was it now?
I know you are clinging onto where everything is on the balance sheet, but ultimately my point, as you know, was that corporations and as an extension the shareholders care about maximizing long-term shareholder value and as you finally admitted lower taxes does that.
I’m sorry but this conversation is over. This is the Biden thread and this tangent has gone on long enough. We need to talk about more important stuff like how one candidate can’t ride a bike, finish sentences or walk up stairs while the other candidate is on Phil hellmuth’s level of being able to dodge bullets, baby.
I know you are clinging onto where everything is on the balance sheet, but ultimately my point, as you know, was that corporations and as an extension the shareholders care about maximizing long-term shareholder value and as you finally admitted lower taxes does that.
I’m sorry but this conversation is over. This is the Biden thread and this tangent has gone on long enough. We need to talk about more important stuff like how one candi
No need to apologise; I can replicate the full experience of conversing with you by first hacking my balls off with a dull knife then getting shot in the chest with projectile diarrhea.
