|
|
|
|
|
by jsmith0295
3614 days ago
|
|
Even if you did this you would still need to pay yourself a salary or dividends, either of which would then be taxed as income. So there's some wiggle room to avoid paying tax on business expenses, and I'm sure that would be abused to an extent, but given that the tax system would likely still be progressive there's on reason the poor would be paying a larger share of the tax. |
|
Compliance in such situations would probably be lower with no corporate tax, by incorporating isn't some magic process that makes income disappear.