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Originally posted by Captain
The answer as to what the connection is is quite simple: we rely for limited liability on an entity theory of corporations (or partnerships, or limited liability companies). Yet, to reduce the tax bill of those who participate in these entities, we throw out the entity theory and rely instead on an aggregate theory. I believe our theories should be consistent.
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I don't understand what you mean by this.
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All my point means is that I don't believe the argument of "double taxation" has merit as a matter of principal, unless we wish to consistent treat these entities under an aggregate theory.
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I don't understand how you get here either.
