How about another tax tip? Today, we center the discussion about charitable donations.
Tag Archives: corporations
Peel back the curtain?
Many, many moons ago, when we first formed our venture, we incorporated in Delaware. (This was way before LLC’s had been ‘invented’.)
The situation is becoming untenable
Ah, yes. The truth- and the dangers- are now becoming obvious.
The GOP was desperate to provide a benefit to their benefactors. So, they lowered the corporate tax rates to a ridiculously low 21%. Even though most corporations never paid the much bandied about 35% rate. (Only professional corporations and small businesses got stuck with that level of taxes. Big corporations always hid- and still do- their profits from the tax man.)
A citizen?
Most of us think it was Milton Friedman who was the first to assert corporations have special rights. (Friedman was the one who asserted that corporations have no social compact with their employees or the cities in which they reside.)
Who owns ya?
It’s that time of year again. Where I have the perennial argument with some clients and friends about who really owns American corporations. After all, they show me their stock certificates. That is their “proof” that they own a portion of the corporation.
A turning point?
Way back in 1970, Dr. Milton Friedman postulated an heretical (at least for then) idea in the New York Times Magazine. (The Social Responsibility of Business is to Increase its Profits, 13 September 1970. There is no link, because it predates the internet.) The fact that it took hold over corporate thinking was, to me, amazing.
One man. One vote. Any other BS you still believe?
I had to interrupt my queue for this piece of information. To make sure America gets to see what is really going on before the next primary.
Continue reading One man. One vote. Any other BS you still believe?
Coming Soon to a Tax Agency Near You…
You’ve read about my concept to make corporate taxes more fiar and inclusive for years. No, I am not running for President. But, that doesn’t mean I don’t have better ideas, ones that our government (and other world governments) should adopt to stop the erosion of capital (and tax revenue!) from the shores of the countries from which these funds were developed.
It’s time. No! It’s WAY past time!!!
Here, we go. It’s the heart of election season (only because we have made the primary season so long- and have it run right into the national election). Only, this time, there’s enough talk (but still no action) that maybe we- that’s you and me, folks- can goad our do-nothing Congress into doing something to back up everyone’s polemics.
The Taxman Cometh- NOT!
One of the most common questions I receive this time of year (other than: “Can I please do their taxes?”) is. “What are my chances for an audit?”