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A comment on With corporate tax off table, U.S. Democrats turn to billionaires. Parent comment

Re:With corporate tax off table, U.S. Democrats turn to bill... by AnimalMuppet on Monday October 25, 2021 @04:34PM (#28992787)
So here's a grocery store that has profit of 1% of revenue. They (or their shareholders) have to pay tax on the revenue? That can't work - not without them raising prices 20% or so...
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Re:With corporate tax off table, U.S. Democrats turn to bill... by legitster on Monday October 25, 2021 @06:32PM (#28994003)
You could easily devise it so that expenses are also passed through, but I wouldn't mind if corporate grocery stores lost their tax advantage and had to raise prices to be more competitive with mom and pop stores that operate as S Corps.
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Re:With corporate tax off table, U.S. Democrats turn to bill... by cwkoss on Monday October 25, 2021 @07:18PM (#28994426)
Pushing megacorps out of low-profit high-revenue businesses is one of the benefits of this policy.

We'd be better off if every grocery store was independently competitive with other grocery stores.

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Re:With corporate tax off table, U.S. Democrats turn to bill... by AnimalMuppet on Monday October 25, 2021 @07:23PM (#28994467)
But would we be better off with 20% higher grocery prices so that the government has the money they want?
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Re:With corporate tax off table, U.S. Democrats turn to bill... by refurb on Tuesday October 26, 2021 @12:14AM (#28996321)
What? No we wouldn’t. A small mom and pop cant get the same prices based on volume.

In the end consumers just pay higher food prices.

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