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re: So a C corporation is taxed twice on profit?

Posted on 11/10/14 at 5:00 pm to
Posted by deltaland
Member since Mar 2011
91158 posts
Posted on 11/10/14 at 5:00 pm to
quote:

How did you get a 2mill investment and not know this?


I'm the one experienced in the industry and will be running the operation. My business partner handles the tax filings and financial stuff because he is experienced in it.
Posted by FT
REDACTED
Member since Oct 2003
26925 posts
Posted on 11/10/14 at 5:01 pm to
quote:

My business partner handles the tax filings and financial stuff because he is experienced in it.
lol ur fuked
Posted by lsu13lsu
Member since Jan 2008
11492 posts
Posted on 11/10/14 at 5:02 pm to
When you see how much corporations pay in taxes it is hard to buy into "they are not people" argument. Why should an entity that pays that much to the government not have a say in government?
Posted by Green Chili Tiger
Lurking the Tin Foil Hat Board
Member since Jul 2009
47868 posts
Posted on 11/10/14 at 5:03 pm to
quote:

My business partner handles the tax filings and financial stuff because he is experienced in it.


All evidence to the contrary
Posted by mmcgrath
Indianapolis
Member since Feb 2010
35506 posts
Posted on 11/10/14 at 5:06 pm to
quote:

I'm the one experienced in the industry and will be running the operation. My business partner handles the tax filings and financial stuff because he is experienced in it.
You need a partner for tax filings and "financial stuff"? Hire an accountant for a few grand a year instead.
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