Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Politics and Political Issues Board => Topic started by: howardroark on November 24, 2011, 11:28:50 AM
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The TRUE story behind Thanksgiving is one of capitalism's triumph over collectivism. :)
http://www.aier.org/research/briefs/819-the-real-meaning-of-thanksgiving-the-triumph-of-capitalism-over-collectivism (http://www.aier.org/research/briefs/819-the-real-meaning-of-thanksgiving-the-triumph-of-capitalism-over-collectivism)
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colin cowherd made a really good case for the need for corporations the other day. they get all the tax breaks because they provide so many jobs. was interesting.
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colin cowherd made a really good case for the need for corporations the other day. they get all the tax breaks because they provide so many jobs. was interesting.
A little off topic but... the way corporations are taxed in America is a little ridiculous. First, the corporation gets taxed on its profits and then the shareholder gets taxed on his capital gains! That's double taxation of income - at least one of those taxes ought to be eliminated.
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Ive been a CEO of my small construction company since 1996. Accountants will set up a corp according to your situation so a different corp has different rules. There are HUGE benefits to being a corp paying much less in taxes and investing back into company use the toys like cabins, boats, land...etc. Doesnt draw red flags like a sole proprietorship will.
While profits to shareholders are taxed as income, i believe the initial profit (because its passed on) is a tax deduction to the corp as expenses...like normal payroll.