Hacker News new | ask | show | jobs
by jlebar 4292 days ago
> Corporations get taxed ~15% + 14% hotel tax. Individuals > get taxed ~30% already on their Airbnb income

Greatly simplifying things:

(Big) corporations in the US get taxed 15%, and then when they pay dividends to shareholders, that gets taxed again as income for the individual.

In fact many small businesses are incorporated in such a way that they skip the 15% tax rate and pay taxes on all of their income at the individual owner's tax rate.