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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Hayden who wrote (343914)	8/8/2025 1:54:52 PM
From: combjelly	Respond to of 361678

But, but that is wrong! Just look at Hunter Biden's laptop...

To: Jeff Hayden who wrote (343914)	8/8/2025 3:35:08 PM
From: i-node	1 Recommendation Recommended By longz Respond to of 361678

Since the Supreme Court has decided that corporations are people, they should pay income taxes on their profits using the same schedule that I use. Corporations are NOT "people". By definition. The USSC has not decided (and could not even if it wanted to) that corporations are people. Individual taxation authority comes from 26 US Code § 1. The Corporate tax code gets its authority from 26 US Code § 11. They do NOT file taxes on the "same schedule" that you use. I suspect you are confused and referring to rules surrounding certain types of corporations that are designed make it easier to report income from pass-through entities (formerly, S-Corporations, for example) in a consistent manner in personal income tax returns. Or, you may be referring to Citizens United (2010) which held that free speech rights applied to specific corporate situations, or perhaps even Burwell v. Hobby Lobby (2014), in which close corporations were granted some religious freedoms. But you would be very confused if you, without qualification, thought corporations are allowed to file taxes "on the same schedule" that you use. There are some (not looking it up, just thinking about it) 25 different forms corporations may be required to use. "Limited Liability Companies" -- which look a little like S-corporations, will typically attack a schedule to the individual tax return of their owners. Although they do share some concepts, they are two entirely different systems of taxation and operate under entirely different reporting rules. Corporation taxes are fundamentally and conceptually two different tax structures. So, it is complicated for those who don't know anything about it, but the reality is corporations are corporations and have different rules (and reporting forms) for tax returns.