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Non-Tech : Who Really Pays Taxes?
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To: John M. Willis who wrote (647)9/21/2006 11:35:56 AM
From: TimF   of 666
 
You could simply abolish the corporate tax, but tax the dividends.

Also unless you are abolishing the IRS or greatly reducing its power (which might be a very good thing but which isn't likely to happen if we continue to rely on income taxes), the IRS will simply disallow this attempt at a tax shelter. It will consider it fraudulent.
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