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A comment on Some Corporations Pay a Lot More Taxes Than Others. Parent comment

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.

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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.
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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.
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