Quote:
Originally posted by Captain
Thank you for responding; my reply below yours was written without seeing yours.
Will the owners also pay a separate share of that corporation's liabilities, or will they expect them to be limited to the corporation's assets? If we are treating the corporation's taxes as those of the shareholder, why should we not do so across the board?
I know, I can be a bit of a throwback to 19th century ways of thinking, but it strikes me as important here to remember how much the government is giving them, and how artificial these privileges are.
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I'm not sure why you see a connection between liabilities and taxes.
And it's not as though a corporation is all take and no give. Quite the contrary. Corporations and the private sector in general provide a whole hosts of benefits of the world. Who do you work for?
