----- Original Message -----
From: Won Lee
To: CF-Community
Sent: Tuesday, October 12, 2004 3:14 PM
Subject: Re: "I own a timber company?"
At 15:07 10/12/2004 -0400, you wrote:
>And, a lot of large businesses pay little or no taxes.
>
>Yehaa!
That isn't really true. If company A and company B were the same exact
companies that did the same exact business but the only difference is that
A is a publicly traded company and B is a limited partnership; Company A
would pay more in taxes - if they did everything as prescribed by the
GAP. Every time a large business distributes a dividend they pay a
tax. And then on top of that, the person who receives the dividend has to
pay tax on monies that was already taxed. Double Taxation!
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