The Health Ranger explains why the GOP tax reform means hugely good news for the organic products industry, which is heavily populated by small businesses.
Podcast Transcript: “This is a day of celebration for America and for those of you who love organics, superfoods and good nutrition, because the tax reform – that has just passed Congress, both the House and the Senate – that Trump is going to sign into law, we at the Health Ranger Store, and many other small businesses in the organic space and the super food space, will now be able to compete on a more level playing field with the big businesses that have always had special access to the lawmakers and the bureaucrats. They’ve always been able to offshore their profits and pay almost no tax giving them an unfair advantage. Well now, thanks to Trump, and thanks to the GOP – who have actually ‘Believe It or Not’ got off their asses and done something for America for a change – we are now able to compete more effectively. The tax rate for corporations is lowered to 21%, which is more in line with the tax rates of businesses around the world. Also, keep in mind it is true that corporations really don’t pay taxes in the sense that they pass along all the tax burden to customers. Corporations sell products or services to customers, that’s how they have revenue. So, they have to add onto those prices whatever taxes they pay, which means that taxes of corporations are simply passed through taxes that go to the consumers – which means that thanks to this tax reform, businesses like mine, and many others in the organic space and the super food space, will finally be able to achieve more economies of scale…” Listen to the full podcast below:
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