wrote in message
...
On Thu, 8 Apr 2010 19:37:17 -0700, "nom=de=plume"
wrote:

I was only basing it on the idea that you expected the corporation to
spend all of their profit intended for expansion by the end of the tax
year or pay taxes on it.


I never said that. Are you claiming that have a cash reserve for future
expansion is a bad thing, taxed or not taxed? Do you think they shouldn't
be
taxed at all? Why are corporations so special and regular people who make
potentially far less...


I think that because I don;'t think a corporation is a person (in
spite of the recent speech ruling that I think is wrong).
When that money leaves the corporation and a person gets it, that
money should be taxed. I think as long as the corporation is plowing
that money back into development and improving the business it is more
valuable in the long run than taking it away from them and giving it
to the government. We already established compensation and dividends
are already taxed. As I said, the IRS should also have a very sharp
pencil when it comes to perks, disguised as expenses. That is a huge
tax avoidance scheme for the fat cats.


I basically agree, but corps typically either pay salaries (bonuses,
whatever) or they increase their cash reserves or they buy back stock or pay
out dividends or they invest in growing the company (or making improvements,
etc.) If they are saving cash, they pay tax on this and on the interest they
receive.

--
Nom=de=Plume