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To: NoLibZone

A tax against a corporation is not payable by shareholders.


14 posted on 07/06/2022 5:22:36 PM PDT by Raycpa
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To: Raycpa

Don’t let that little inconvenience get in the way of dogging her.


21 posted on 07/06/2022 5:43:53 PM PDT by joesbucks
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To: Raycpa
A tax against a corporation is not payable by shareholders.
Shareholders share profits and losses. Who pays?

The corporation didn't pay the tax on their profits. The unpaid taxes became profits. The shareholders benefitted from the profits.

They can't raise the prices to cover the tax owed (not that that ever works) the corporation doesn't exist.

28 posted on 07/06/2022 6:21:48 PM PDT by lewislynn (The Murdochs might be citizens but they aren't true blue Americans.)
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