- Dec 29, 2016
- Reaction score
- North Carolina
And in the case of the corporation, they are not double taxed. They pay tax on their income. Their shareholders pay the tax on the dividends. You understand the difference? Double taxation is a flippin damn myth concocted by the very same people that are busy convincing you that a free market is free from government interference, that the rich already pay enough in taxes, and that corporations always pass on tax increases to consumers. Lies, nothing but lies.Right there you are wrong! You are not double taxed on your entire income when you go to the store.
Just on the amount you spent. So for a simple example: six pack beer (figure you be beer drinker) $6.00.
Tax in your state maybe 8% BUT it is NOT Federal tax... state tax!
Understand the difference or is that too complicated for you?