Quote:
Originally posted by 12clicks
the idea that a corporation should pay taxes at all is what keeps the economy from REALLY expanding.
politicians come to the stupid and say"those bad corporations need to be taxed"
a corporation is a vehicle for doing business, not a person lining their pockets.
When a person profits from a corporation, there is a tax event. A corporation bringing in money is just an action of business, not a profit event. its not profit until a person puts it in their pocket. The government already taxes that but because of a stupid electorate, we tax money brought into the corp wether its profit or not.
that's wrong and it stifles the economy.
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You really need to go to school and learn what a corporation is. It is a LEGAL ENTITY, which means it has its own rights and liabilities seperate from its owners. In legal terms it is its own person, so of course a corp should be taxed.
From an economic standpoint having a corporate tax encourages businesses to put profits back into the system, whether it be hiring more people, purchasing/leasing equipment, investing, etc. Which in turn creates economic growth.