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Technology Stocks : Intel Corporation (INTC)
INTC 36.20+0.1%Dec 26 3:59 PM EST

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To: willcousa who wrote (172421)1/9/2003 4:48:27 PM
From: brushwud  Read Replies (2) of 186894
 
Win, you are absolutely right about simply abolishing the corporate income tax. The cost of compliance now exceeds the government's take.

Are you saying this is true for Intel, that it costs more to comply with the corporate income tax than they actually pay? (They still need to report audited financial results, regardless of taxes.)

Don't the individual & corporate income taxes have to be integrated to some degree? Otherwise we would all incorporate, hire our businesses out to our employers, and then buy business breakfasts, lunches, dinners, clothes, and transportation, and finally only pay ourselves as individuals enough for our mortgages and charitable giving.
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