Matt Yglesias has had a distinguished and award winning career in blogging and writing. His latest gig is as a business and economics correspondent at Slate‘s Moneybox.
Apparently, there was a lost soul out there, and Matt was witnessing his conversation.
Well, Matt needed to correct this thought. He is, after all, the business and economics correspondent at Slate’s Moneybox. So, he sets Mike straight…….
@Mikexxxx1 No. Taxes are paid on profits not sales. It’s irrelevant to pricing.
Oddly, some disagreed, and so he had to add this bit of brilliance…..
@Brendan_Buck How so? Taxes are levied on net income not gross. Seems irrelevant to cost basis or pricing strategy. Got literature on this?
Right, taxes are not part of costs………