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> Corporations get taxed ~15% + 14% hotel tax. Individuals > get taxed ~30% already on their Airbnb income Greatly simplifying things: (Big) corporations in
by jlebar 12y ago
> Corporations get taxed ~15% + 14% hotel tax. Individuals
> get taxed ~30% already on their Airbnb income
Greatly simplifying things:
(Big) corporations in the US get taxed 15%, and then when they pay dividends to shareholders, that gets taxed again as income for the individual.
In fact many small businesses are incorporated in such a way that they skip the 15% tax rate and pay taxes on all of their income at the individual owner's tax rate.