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Path: utzoo!lsuc!dave
From: dave@lsuc.UUCP (David Sherman)
Newsgroups: net.legal,net.taxes
Subject: Corporate income tax
Message-ID: <461@lsuc.UUCP>
Date: Fri, 1-Mar-85 13:54:38 EST
Article-I.D.: lsuc.461
Posted: Fri Mar  1 13:54:38 1985
Date-Received: Fri, 1-Mar-85 17:03:31 EST
References: <2748@dartvax.UUCP> <445@ahuta.UUCP> <399@lsuc.UUCP> <110@styx.UUCP> <319@mhuxm.UUCP> <683@whuxlm.UUCP>
Reply-To: dave@lsuc.UUCP (David Sherman)
Organization: Law Society of Upper Canada, Toronto
Lines: 16

In article <683@whuxlm.UUCP> mag@whuxlm.UUCP (Mike Gray) writes:
||By the way, there's been a lot of criticism of corporate tax rates
||in this group.  What good does taxing corporations do?  They pay
||their taxes out of income, you know, which comes from the consumers
||who buy their products.  Individuals pay all the taxes in the end.

It's not that simple. "Corporations" include many businesses which
might or might not be incorporated - small businesses. If you
don't tax at the corporate level, you provide a large deferral
incentive to small businesses to incorporate to save tax. Less tax is
collected and unnecessary incorporations themselves cause wastage.

Dave Sherman
-- 
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