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| Economics Questions... http://www.acts20.com/viewtopic.php?t=86915 |
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| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Aaron Scott: Economics Questions... |
| When you buy, say, a hamburger $1, are you buying the hamburger for a dollar...or are the restaurateurs buying your dollar for a hamburger?When you work for someone, they, in theory, pay you no more than you're worth. They bought your services for X dollars...or you bought their dollars for X services. In any case, you are even. You didn't make any money in the sense of a profit. Why is it that we pay taxes on the dollars we get...but do not have to pay taxes on the burgers we get, since, in theory they are of the same value and are exchanged as equivalent. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Da Sheik: |
| I don't know my friend, but all this talk about hamburgers makes for a hungry Sheik |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Link: |
| If someone gave you more than $10,000 worth of hamburgers, the IRS might want you to pay taxes on that in dollars.Profit is a finance or accounting measure. But it does show up in economics, too.If you were charging more dollars for your hamburgers than the market required, you might be able to earn above normal returns on your hamburgers. If you had a monopoly on hamburgers, you might be able to do this. You would theoretically decrease your output below the market demand and raise prices to optimize your profits.In economics, you are actually making exchanges for utility. You gain utility from buying a hamburger. The hamburger vendor gains utility by receiving funds for the hamburger. If it is valuable to you, it is utility |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | bonnie knox: |
| Re: Economics Questions... |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | UncleJD: |
| You beat me to it. We pay taxes on Burgers, fries, shakes, you name it. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Aaron Scott: Consider this example.... |
| If I mow someone's yard, and they give me $50 for doing so, I pay taxes on that.But the person who had their yard mowed, even though they, too, received $50 worth of value (they got it in a yard mowed; I got it in dollars received), pay absolutely NOTHING for what they received. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | bonnie knox: Re: Consider this example.... |
| Best way around it would be to eliminate income tax.Otherwise, barter. |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | Cojak: |
| Y'all have me confused, Imma join the Sheik for a hamburger. There was a line in an old comic strip that ran in the newspapers:I'll gladly pay you Monday for a hamburger today! To the OP I do see the logic used in Aaron's statement, even 'twisted' logic is at times logical to an inquisitive brain. Some facts but mostly just my [email protected]/ |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | bonnie knox: |
| Would you like fries with that burger and sheik? (I'm here all week. ) |
| Author: | acts [ Tue Jan 14, 2025 2:07 am ] |
| Post subject: | diakoneo: |
| Taxes are paid on automobiles numerous times as they are sold new and resold use. The guy who sold the vehicle when it was used did not have to pay sales tax but the purchaser did. Of course he had to pay the tax when he purchased it. Also many thrift stores(except for Salvation Army) charge tax on things that have been taxed once. This is why low taxes are more conducive to commerce. If tax is going to occur on purchase, a low tax will increase the opportunity to purchase an item. |
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