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Path: utzoo!watmath!clyde!ratex!mck
From: mck@ratex.UUCP (Daniel Kian Mc Kiernan)
Newsgroups: net.politics
Subject: A brief note on the taxation of corporate income
Message-ID: <995@ratex.UUCP>
Date: Mon, 25-Mar-85 15:35:07 EST
Article-I.D.: ratex.995
Posted: Mon Mar 25 15:35:07 1985
Date-Received: Tue, 26-Mar-85 05:43:08 EST
Organization: Squids R Us
Lines: 10


     I would like to point out that, since (with a minor exception)
personal income from dividends is taxed, any tax on corporate income beyond
retained earnings is a form of double taxation.  I would also like to point
out that, given the increasing role of pension plans (and the like) in the
stock market, taxation of corporate income is increasingly taxation of the
elderly.

                                        Non-prescriptively,
                                        DKMcK