An interesting thought experiment what would happen if we treated people as corporations. I guess we'd have to raise income taxes quite a bit to make ends meet, as most people spend everything they make.
> what would happen if we treated people as corporations
You'd rename line items and move on. Companies can't deduct any expense. The chief ones are things they've already paid tax on, e.g. wages subject to payroll and purchases subject to sales taxes.
You'd rename line items and move on. Companies can't deduct any expense. The chief ones are things they've already paid tax on, e.g. wages subject to payroll and purchases subject to sales taxes.