Home
»
Trains Magazine
»
Forums
»
Passenger
»
The Boston Globe and Amtrak Long Distance

Edit post

Edit your reply below.

Post Body
Enter your post below.
[quote user="Phoebe Vet"] "Corporate taxes are paid first by the customers that buy their goods and services" Another silly red herring.  By that logic, I don't pay any taxes either, my taxes are paid with the money I get from my employer, so he must be paying my taxes. [/quote] I don't know what you mean by red herring.  I was responding to a previous post asserting that corporations get tax breaks.  They don't because they don't pay taxes.   You are paid by an employer.  You are required to file a federal income tax and perhaps a state income tax return if your income is above the stated thresholds.     Most corporations are S Chapter corporations.  The profits flow through to the owners, who are required to include them in their income tax returns, just as you would if you owned a piece of the corporation.  Most larger corporations file income tax returns on behalf of the owners (shareholders). The taxes appear to be paid by the corporation, but in fact are absorbed by the sources mentioned in my previous post.  Likening you personal tax situation to a corporate tax return is incorrect.   This is not the forum for a lesson on taxation.  If you are interested, there are numerous articles on the Internet that will walk you through the dynamics of corporate taxation.
Tags (Optional)
Tags are keywords that get attached to your post. They are used to categorize your submission and make it easier to search for. To add tags to your post type a tag into the box below and click the "Add Tag" button.
Add Tag