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Showing posts from October 29, 2020

Where Are We Going?

  As I have not done a reminder in a while, first a bit of a review: 1) There is NO government money. There are detailed explanations in other posts on this blog as well as many other sites. Just know that any time you hear something is being paid for with "federal funds", a "federal grant", "State funds'' or any other euphemism for government money, know what it really means is - taxpayer's money - either current or future. 2) Corporations DON'T pay taxes! PEOPLE PAY TAXES! You can put whatever tax rate you want to on Corporations and the taxes will be paid by their customers eventually. I have seen arguments that try to explain why the taxes will be paid by the company due to market forces or other reasons. This is not true in almost all cases. Every Corporate P&L (financial statement/planning) has a line item for taxes. It is a cost of doing business and computed into the finances like any other cost and built into the price of their wa...