Remember - Corporations are people!
*except they don't pay taxes like people, it's cheaper
*except they don't deduct expenses like people, it's better
*except they don't hold liability like people, it's more lenient
*and they can cease to exist & reconsistitute some other way when it's convenient.
Corporation: We made $5 billion but spent $4.9 billion to keep going, so our net taxable income is $100 million.
Gov’t: That’s right.
Worker: I made $50,000 but spent $45,000 to keep going, so my net taxable income is $5,000.
Gov’t: That’s wrong.
