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Isn't that just called a dividend? Or are you suggesting that shareholders owe tax liability for all earned corporate profits, regardless whether any of that is
by kinghajj 6y ago
Isn't that just called a dividend? Or are you suggesting that shareholders owe tax liability for all earned corporate profits, regardless whether any of that is paid to them as a dividend?
- legitster 6y agoNot only that, all income (but eliminate capital gains). While it may sound a bit revolutionary, this is essentially the tax structure Milton Friedman endorsed.