Re:Some Corporations Pay a Lot More Taxes Than Others
by jib on Tuesday September 19, 2017 @10:52AM
(#15285143)
It sure would be in Jib Inc, the company that will launch about 5 minutes after no corporate taxes and will handle all of my personal finances. :)
I'd pay myself a very basic salary, and if I needed emergency cash I could always borrow against my holdings in Jib Inc until I could adjust my salary appropriately.
That would let me defer paying tax indefinitely on anything that I don't need for day to day living, and I would be able to play the margins on a number of major expenses as well, with very little overhead work, since I dont need to worry about taxes for corporate income anymore.
Re:Some Corporations Pay a Lot More Taxes Than Others
by woah on Tuesday September 19, 2017 @11:01AM
(#15285233)
That's called "piercing the corporate veil" and nobody is going to fall for it.
Re:Some Corporations Pay a Lot More Taxes Than Others
by dmoy on Tuesday September 19, 2017 @11:09AM
(#15285292)
Ya if you make a one person company to avoid taxes, the second the irs looks at it you're gonna have a bad time. This is already true today, and would be especially more true if they drastically lowered corporate taxes.
Re:Some Corporations Pay a Lot More Taxes Than Others
by danmaz74 on Tuesday September 19, 2017 @10:49AM
(#15285122)
"So be it", you say. In other words, average people will need to pay those taxes, instead of very rich people that don't even care about getting dividends. Seems fair to me.
Re:Some Corporations Pay a Lot More Taxes Than Others
by grandalf on Tuesday September 19, 2017 @11:03AM
(#15285250)
Not sure what you are talking about. What taxes?
Re:Some Corporations Pay a Lot More Taxes Than Others
by danmaz74 on Tuesday September 19, 2017 @04:39PM
(#15288592)
The taxes that, according to you, should only be paid by individuals and not by corporations - thus allowing rich individuals to postpone paying taxes as long as they want, and forcing not-so-rich individuals to cover what's missing.
Shareholders in Apple want Apple to be able to make big investments or acquisitions and are willing to let the money sit there rather than take it as a dividend. This would not be true for most firms.