4 ms·
What a bunch of sensationalistic crap. Tons of companies exist solely for organizational (as in, keeping things neat and orderly) purposes, and as pass-through
by numair 18y ago
What a bunch of sensationalistic crap. Tons of companies exist solely for organizational (as in, keeping things neat and orderly) purposes, and as pass-through entities into other companies. There's nothing shady or tax-evasive about this; it's just something you do.
If this were a statistic about the 1000 largest companies in America, it'd be alarming; when we are talking about all entities that are formed as corporations, it is completely meaningless. Interesting how a harmless GAO statistic can be spun in such a manner.
- nazgulnarsil 18y agoI'm always relieved to see "cooler heads prevail" commentary like this in response to inflammatory headlines. You saved me a headache.
- yummyfajitas 18y agoDon't forget about S-corps, LLC's and similar entities. All profits are treated as income (and taxed as such) by it's owners. The article even makes a note of this, shortly before ignoring it.