Quote:
Originally Posted by Lubicon
I'm not an economics guy but don't these two thing conflict? How do you encourage small business but at the same time limit them?
Care to elaborate?
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My point was that many corporations are not being used by businesses at all. They are being used by anyone who earns above $200k or so to shelter their taxes. There needs to be more limits on who can own a low tax corporation. I mean yes, you can look at a wealthy CEO as a business onto themselves, but that's not the intent of tax breaks for the closely held corporation. They were meant to help small business build operating income, not allow Donald Trump to pay a $750 tax bill.