Re:We Don't Need A Corporate Income Tax
by judk on Wednesday July 16, 2014 @10:46PM
(#8045773)
Note that the corporate income tax is on profit, not revenue. Personal income tax is on revenue, minus some limited deductions.
Money reinvested or paid to employees is not taxed. Furthermore, corporations pay no sales or income tax on value added inside the corporation for the benefit of the corporation, unlike if the corporation were split into several independent companies.
Money reinvested or paid to employees is not taxed. Furthermore, corporations pay no sales or income tax on value added inside the corporation for the benefit of the corporation, unlike if the corporation were split into several independent companies.