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by majormajor
2276 days ago
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The single-100%-owner scenario seems like a meaningfully different case here. But: no, I wouldn't lobby that I should be exempt from sales tax just becaues it's "double taxation." I certainly don't think tax is something to always be avoided when possible, I think it's a tool of government, and that eliminating variou taxes is rarely discussed for truly useful reasons vs just individual selfishness. (On that note: if I were going to argue against sales tax it would be on grounds of regressiveness. It's not something that has much of a noticable impact on my own lifestyle, though.) |
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It's not. The way public companies were designed to work, in theory, is the "owners" get a proportional slice of the profits of the company. That's what a dividend is. I simply described the simplest scenario - if it feels wrong to you, you should consider why that is so.
>But: no, I wouldn't lobby that I should be exempt from sales tax just because it's "double taxation."
I agree here, but in the case of the corporate tax, I think it should be eliminated because it just incentives companies to game the tax system and creates these awful headlines where "LARGE COMPANY PAID $0 IN TAXES" which is almost never accurate.