AdamT
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...Partnerships are taxed the same way. Once when they make it and once when they collect it for use from the business.
Sangha, please reply to the percentage of a business' money that a government should take, Im curious as to your answer and rationale. Same for you Tettsuo, how much do you think is enough? And why?
You are dead wrong about that. There is no over all tax on a partnership. Each partner is taxed according to his or her partnership share.