Sunday, February 26, 2012 1:27:56 AM
That's the cost of isolating corporate assets from the owners.
No it's not. It's double taxation.
Your argument falls flat on it's face.
There you go, knee-jerking again.
I didn't say anything about "double taxation". I simply explained a major reason why the income trail between company and owner is treated differently for companies that are incorporated than it is for those that are personally-owned.
I don't care whether you call it "double taxation", or "income rape", or whatever euphemism you can think of to sufficiently express your rage.
On that note, what exactly is your "double taxation" argument, anyways? Because it seems to me that you're just bitching about something you personally perceive as unfair... To you. Likely because a significant portion of your personal tax burden stems from dividends, and you'd just love to have that burden eliminated.
But the tax code is just a bunch of rules that have evolved over time, and there's nothing that says the rules can't tax the same income more than once.
Might as well argue about how many angels can dance on the head of a pin... It's equally moot.
fpg
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