[kearnyirish2]

Thanks.

The alternative minimum tax is designed to ensure the wealthy pay up, and they do; when people see in the news that a COMPANY paid little or no taxes, they assume the billionaire owner didn’t either - and that’s simply untrue. They’re taxed on their incomes, their properties, their purchases - but the media doesn’t want to clarify that - the myth is more useful politically.

It is also unreported that the costs of doing business (including payrolls, emnployee benefits, etc.) reduce a company’s taxable income; instead the illusion is maintained that they are simply sending the income to the owner while he pays $0...

[SkyPilot]

The alternative minimum tax is designed to ensure the wealthy pay up, and they do; when people see in the news that a COMPANY paid little or no taxes, they assume the billionaire owner didn’t either - and that’s simply untrue. They’re taxed on their incomes, their properties, their purchases - but the media doesn’t want to clarify that - the myth is more useful politically. It is also unreported that the costs of doing business (including payrolls, emnployee benefits, etc.) reduce a company’s taxable income; instead the illusion is maintained that they are simply sending the income to the owner while he pays $0...

You are a very smart person.