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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: benwood who wrote (94299)4/15/2001 12:30:52 PM
From: Don Lloyd  Read Replies (1) of 436258
 
Ben -

...That's a lot of tax that they've effectively shifted from their corporation to individual taxpayers....

A corporation is a legal fiction. All employee compensation costs are borne by shareholders, either in cash or in dilution or both. The corporate income tax should not exist in the first place, but since it does, the IRS should not be allowed to double dip by taxing compensation as employee income and not allowing compensation deductions to the corporation shareholders like any other cost of production.

Regards, Don
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