If you carefully read the figures quoted in the Smart Money article and do the math, you'll see that even with pass-thru's to personal filers, the defacto Corporate tax rate is still about a third of profits. And that doesn't include the myriad of local taxes including property, sales and utilities. Not to mention that any dividends payed to investors on net earnings are <i>also taxed.</i> Plus, in much of the world, the government is paying for employee health care.
30% would be a very high rate and a lousy accountant. When I ran my business in Canada I paid 19% one year. Any middle income earner paid more than I did.
Yes, you paid 19 pct because your corporation didn't make shit, and because canada's corporate tax rate is lower. The usa has a higher corporate tax rate than anywhere else in the developed world except for MAYBE Japan. Only this dumbass would bring up corporate tax rates in Canada to make a point about corporate tax rates in the USA. LOL!!!
If I could remember where I read it, I'd post a link, but one company is offering it's employees a cash (1k) buyout if they get health insurance from somewhere else other than the company.
Littledaviedumbass is a big fan of logic: I'm a big fan of logic http://www.elitetrader.com/vb/showthread.php?s=&postid=2974777#post2974777