kaz
Diamond Member
- Dec 1, 2010
- 78,025
- 22,327
Seventy percent of partnership and S corporation revenue goes to bigApproximate 60% of our corporations are pass-through corporations and pay no corporate income tax.27 giant profitable companies paid no taxes
20% of big companies pay zero corporate taxes
The rest of them don't pay the full amount. They pay somewhere near zero and the full amount. I suspect it's much closer to zero, don't you?
You're referring to S Corps and LLCs. They are mostly the small corps, they aren't 60% of the market
businesses.
Seventy percent of partnership income comes from the financial industry and
holding companies.
Seventy percent of partnership and S corporation income goes to the top 1
percent of U.S. households by income.
https://www.google.com/url?sa=t&sou...hyp0cc1h9nLAFQeyw&sig2=bRl5LjpiwPJp5sa0HP3b6w
Um ... how is that money not being taxed? It goes through to owners INCOME statements. They have to pay massive taxes on that. The top 1% pay 40% of all taxes and the top 5% pay 60%. And you're claiming that's tax free? Geez, Al Jazzera, you have to pay more attention
That would then be personal income tax, not corporate tax.
Exactly, which shows that the statement that corporations don't pay taxes is a lie. I've owned three corporations, still own one. All were S corps. I pay taxes up the wazoo