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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (686289)11/27/2012 9:27:41 PM
From: Tenchusatsu1 Recommendation  Read Replies (1) of 1581250
 
CJ,
Say I run a small business. I sell goods and services, some of which may be subject to sales taxes. However, pretty much every dollar that comes in has been subject to income tax. Should I have to pay income tax also?
How does that relate? Of course you have to pay income tax on the part of the revenue you keep for yourself, but not the part that goes back into the business.

That has nothing to do with the double taxation of dividends, which should be taxed one time as income to the part owner of the public corporation. Unfortunately, it is taxed twice.

Another is that a fair number of those corporations paying dividends don't pay income taxes themselves because of various writeoffs.
Again, that is irrelevant. The writeoffs have nothing to do with paying dividends or the taxation thereof.

Tenchusatsu
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