Quote from: Poker Player on Today at 09:36:20 AM

Quote from: stompix on Today at 06:43:19 AM

How about a zero tax?

In my case, I like low taxes, but not to that extent. A company with 0% corporate tax should have taxes on the other hand even to finance the minimum. Unless you are an ancap like Theymos and think society would work by eliminating government altogether.

I've never said zero taxes on everything, I said zero taxes on business.
It makes no sense to tax a business on its profit which is distributed to the investors, who are getting taxed on revenue anyhow.

Quote from: Poker Player on Today at 09:36:20 AM

Quote from: stompix on Today at 06:43:19 AM

As I said before, businesses and corporations are not poeple, they don't spend millions on mansions, cars, and hookers...

I'm surprised you say that, the really rich have nothing to their name and the Ferrari, houses and luxuries they put in the name of the LLC or equivalent. As far as I remember I have heard two say that, Kiyosaky and Dave Ramsey and I don't think they are the only ones by a long shot.

I assume you are referring to companies like JNJ or those in the S&P 500 but they are not the only type of companies out there.

So how does your money from being a CEO of Pfizer and a shareholder of Nestle end up in an LLC? Not by first going through you?
You don't pay taxes on your wages? The money that you started that LLC isn't coming from somewhere that has been previously taxed

Besides you're ignoring a part of my line:

Quote

cut any deductible expense that could be used by the employees as a backdoor, and set the tax to null.

So what's the problem if I set up an LLC and that LLC buys 100 cars as long as it pays VAT and annual tax on it?
If I'm doing it with money that has been previously taxed as personal revenue, I don't see anything wrong.