Entity Level Taxation.....refers to corporate taxation as it occurs in a standard "C" corp....or that which is inflicted on the shareholders of an "S" corp, or that which is inflicted on a partner/LLC member via Subchapter K, or that which a sole proprietor pays via a schedule C.
NONE of these entities will be taxed....as a result, the building materials produced, regardless of the business form employed, will no longer carry any embedded tax or compliance cost.
NONE of these entities will be taxed....as a result, the building materials produced, regardless of the business form employed, will no longer carry any embedded tax or compliance cost.Except the owners/shareholders of these entities would now be paying a tax on their personal consumption so they will require an increase in their pre-tax return or they would suffer a decline in personal purchasing power.