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> Do you think there is a magic pot of money that corporations can draw from to pay the tax? Yes it's called the CEO's 30,000x higher salary. > Why should com
by bitJericho 12y ago
> Do you think there is a magic pot of money that corporations can draw from to pay the tax?
Yes it's called the CEO's 30,000x higher salary.
> Why should companies even pay tax in the first place? The owners should pay tax on profits, but why should the corporation itself pay tax?
Because a corporation's losses cannot harm the owner's personal wealth. A corporation therefore should pay taxes in order to cover that particular expense to society.
- ars 12y ago> Yes it's called the CEO's 30,000x higher salary. That wouldn't work. The CEO would just go to another company, and it's REALLY hard to find good CEO - there's a reason they are paid so much. Also, with the kinds of companies affected by this the CEO doesn't get paid at all. The owner only earns any profits, but draws no separate salary. > Because a corporation's losses cannot harm the owner's personal wealth. That's a surprisingly good answer.