I don't get to take advantage of the Double Dutch etc. like a corporation would to pay much lower effective taxes. Sure seems like corporate personhood is has all the upside and none of the downside.
It's all high and mighty to speak of taxes, but as the esteemed commenter above states, they mostly come from the wage slaves, not the capitaled elite.
The thoughts I expressed above seem logical and clear to me yet I've seen very little discussion around this subject. For some reason, it seems to me that people find it acceptable for corporations to use every means possible to pay less.
I sure would like the option of not paying taxes on overseas income. But yet the US government is intent on taxing all personal income regardless of locale. How is that fair or ok?
I don't see why they should be doubly taxed. If I go and perform a job, I will pay income taxes on it. If I go and hire a bunch of people, form a corporation, and perform a job, we will pay both corporate taxes and income taxes.
That doesn't make sense to me and I can understand why companies go to great lengths to avoid it.
I meant the taxation of dividends, which are doubly taxed.
Taxation of dividends is double taxed if you could once to the corporation and once to the individual.
Avoidance of taxation of dividends (which only a subset of companies do) is not why these corporations go to such lengths to avoid paying taxes. They do it because they don't want their profits taxed. That's my beef.