Thanks. I was unaware stockholders don’t have to pay taxes.
I’m with you. I guess I need to buy more stock so I don’t have to pay taxes. ; )
“Thanks. I was unaware stockholders don’t have to pay taxes.”
Error is that (in the abstract) while all stockholders are taxpayers, not all taxpayers are stockholders.
Further, stockholders have the ability to hold execs responsible (again in the abstract). If they fail to do so, the stockholders bear the consequence.