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Yup. Set aside the fact that our baseline corporate income tax rates are some of the highest in the world. The income of corporations doesn't go directly into
by CWuestefeld 7y ago
Yup.
Set aside the fact that our baseline corporate income tax rates are some of the highest in the world.
The income of corporations doesn't go directly into the pockets of the shareholders. Rather, the shareholders are getting income from them either as dividends or as capital gains. Either way, that's accounted for in the income of those shareholders. So corporate profits are already built into the numbers I quoted above.
- tzakrajs 7y agoRight and long term capital gains are the lowest tax rate. Rich get their money from income sources with inherently low tax rates and then have holding corporations to own all of their shit so they don’t have to claim personal income. Poor people basically never do these things because it takes time, opportunity and/or and education they probably don’t have.