Originally <a href='https://www.sportsbookreview.com/forum/showthread.php?p=30680841'>posted</a> on 12/09/2021:
Workers pay payroll taxes, either directly or through lower wages when companies retain worker earnings to pay "their" portion.
Corporations are mostly just a proxy for rich people, so rich people pay corporate taxes, and yes it is a good idea to tax rich people. if it means lower profits, great!
No, these taxes are not costs and they are not passed through, taxes only apply to profits not revenue. I thought you were a ceo of a major corporation, i guess the operative word being "were", you fuggin sucked at it because you don't understand the first thing about finance.
Some companies may try to raise prices to keep profit margins high, some companies will not, the companies that do NOT raise prices will grow, the others will not. Simple. Seeing as corporate profits are at historic highs, they can take a haircut. Raise the corporate tax rate back to 35-40%.