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Conversation with my daughter today
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30/07/2014 15:30:45
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., Nouvelle Zélande
 
 
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Forum:
Family
Catégorie:
Enfants
Divers
Thread ID:
01604148
Message ID:
01604975
Vues:
43
>>The wealthy, including corporations, are far better at gaming the system than the poor.

In fairness, the US Corp does appear to have a tax disadvantage compared to other jurisdictions. The US Corp pays its tax, produces a dividend, and the recipients of the dividend pay tax on that. LLC doesn't have to do this, it appears to be a Corp phenomenon. Elsewhere, the tax already paid by the company producing a dividend can be "imputed" against the tax owed on receipt of the dividend. Sometimes this results in a tax credit rather than tax owed on a dividend. The US levies a lower tax rate on dividends received, but it's still more of a double-taxation than you'd see elsewhere. Just thought I'd throw that into the mix...
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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