And Now A Word From Economic Genius Expert Matt Yglesias

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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.

Mikexxxx @Mikexxxx1

@mattyglesias@Brendan_Buck if your competitor pays lower taxes he can undercut your prices…No?

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…….

Matt Yglesias ✔ @mattyglesias

@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…..

Matt Yglesias ✔ @mattyglesias

@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………

h/t Twitchy

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