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| Re: Portal … take two w/link (1470236) | |||
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Re: Portal … take two w/link |
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Posted by italianstallion on Wed Mar 21 20:53:05 2018, in response to Re: Portal … take two w/link, posted by Steamdriven on Wed Mar 21 20:36:44 2018. Most people making the argument do hide something -- that there are 2 transactions involved so it's not the same money being taxed twice for no apparent reason.I agree there is a disparity in the tax treatment of profit distributions between partnerships and corporations. But this is part of the tradeoff for the benefits of incorporation -- especially gaining limited liability for the shareholders. Despite "onerous double taxation," most businesses incorporate as they grow. Funny that you say "You could, for example, place a sales tax on every transfer of goods before retail sale." Yes, and that is done in many countries around the world and is called a value-added tax. It works for them and in fact many conservative economists here have suggested we adopt it as well in lieu of increasing income taxes. |
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