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> I think we should eliminate the corporate income tax . . . and tax income once, when it hits a person. LOL what? Can't have it both ways, pal. I've seen thi
by torstenvl 6y ago
> I think we should eliminate the corporate income tax . . . and tax income once, when it hits a person.
LOL what? Can't have it both ways, pal.
I've seen this line of thought expressed a few times before, and it strikes me as disingenuous to hold that a corporation is a person... right up until the moment that idea puts slightly less money in your pocket.
- tonyedgecombe 6y agoCorporation tax does have its problems though. In particular it's easy for globalised companies to shift profits around the world to avoid paying it. Personally I'd rather we started treating dividends and even capital gains as normal income and eliminate corporation tax.
- torstenvl 6y agoI'm surprised at the number of downvotes. I feel like my position is self-evident. In my view, either a corporation is a person under the law, in which case this is indeed taxing income when it hits a person; or a corporation is not a person and should not be able to assume sacrificial liability for those controlling it. However, I recognize that what may be self-evident to me may not jive with others' perspectives. Would any of the downvoters care to elaborate as to why, in their view, a corporation should be a person for some purposes but not a person for taxation purposes?