Corporation distribute the money rather than pay taxes on it. I was not aware the tax plan did that, but it is a good thing if he did, it would incentivize corps to retain earnings and be much more healthy because of it. Actually they should completely get rid of the Corp tax as it is a double tax.
Agree. We should not tax the corporation and employers. Only individuals should pay tax.
Taxing employers is double tax and itâs like punishing the goose who lays golden eggs
They allowed to repatriate foreign earned money to bring it USA with 10% tax on it. Many big companies brought more than 450 Billions last year, paid additional dividends, buyback sharesâŚetc. It is still continue to flow. This year is expected 300 Billions like that.
How is it a double taxation?
Revenue less expenses are taxed.
Expenses are not taxed and include pay to employees. Those pay are taxed.
If it is a double taxation, shouldnât we tax at the source i.e. tax corp and not individual.
I was wondering why is it called a federal income tax, and not protection money. Ditto for State. Think about it, the service they provide to Corp is protection 