I'm fairly sure that either they aren't double-taxed or that if they are, there's a good reason for it. I can't actually recall the details at the moment, so if you could expound on the 'double-taxation' thing a little more, I'd appreciate it.
GM of AGOG S4: Frontiers RP; Sub-GM of TABA, SOTR, & UUA RPsThe profit of the business is taxed and then the income of the people that receive what's left is also taxed.
Fight smart, not fair.That. Not that I think there's anything wrong with that though.
Ah, yeah. I thought that was it... Still not jogging my memory, though. Bleh. Will post more later once I figure it out. >_>
GM of AGOG S4: Frontiers RP; Sub-GM of TABA, SOTR, & UUA RPsHowever, neither corporation tax nor capital gains tax are equivalent to income tax, so it's not an apples to apples comparison anyway. It's not exactly double, though I suspect it's a greater percentage than some people' income tax.
(just looked it up, and it's way too complex and has too many variables for me to be up to estimating it)
A brighter future for a darker age.
Aren't corporate earnings basically double taxed?