Why should a sole proprietor have the same level of taxation as a C-Cop, are you serious, I thought you are an accountant.
I'm seriously starting to question if you have the capacity to understand the English Language.
Notice my question to you was for you to defend
your reasoning why a C-Corp should have the same level of treatment as a sole proprietorship.
I did not say that current law has them tax the same way.
Before you go throwing out insults at people vastly more intelligent and educated than you, read what they wrote rather than making up in your head what you wanted them to say.
For an account you have no clue, a sole proprietor is only taxed once and a C corp is taxed twice, once at the corporate level and then again when it gives dividends to it's shareholders that own the company. So the question you asked is false, I should not even be wasting my time with someone that has no clue what your talking about.
Again, you argued that C-corps shouldn't be double taxed. I pointed out they have benefits that other forms of organization do not. I then ask you why C-corps should get single level taxation
and and benefits not available to other forms of organization. Because you are partisan (and can't read well) you took that as me saying that they ARE treated like that DESPITE my explicitly asking YOU to give a reason why they SHOULD be treated that way. I did not say that they are. I asked you to explain why your system should be adopted. This is why you don't make up what you think people said. You reply to what they actually did. Makes you look far less stupid.
Second you say a C-corp has only limited liability, of course where as a sole proprietor has no shield against liability. But I'm sure you as a so called accountent would advise a person that a sole proprietor is just fine compared to filling as an LLC where there is limited liability.
Which is completely irrelevant to my question to which you are either illiterate to understand or want to cowardly avoid answering.
Your just full of yourself.
Said the guy who mistook a direct and explicit question to him to explain why his system should be enacted to mean that the person obviously asking the question really thought that was the existing system.
Perhaps you should curtail your use of insults
until you have proper English comprehension?
They call that Bloating or is it bloviating, in any event you are just full of yourself. Let me ask you how many corporations have you owned were you were the majority shareholder and the CEO, we're talking C corps, and then tell me how many LLC have you owned and S corps that you were the majority partner. I mean these are the guys that make the money, not one that is hired to count it.
Perhaps when you learn to read properly, you can start studying for it?
Once again you have no clue, an LLC can raise millions to start a business, even billions. S corps the same way.
Wrong. LLCs and S-corps are often limited in what types of shares they can offer, how many partners they can bring in, the timing and horizontal/vertical equity relationships and so on and so forth. To claim they have the "same way" is to be completely ignorant as to the exist IRC code regarding LLCs, S-Corps and C-Corps.
Tell me, how many partners can a S-Corp have in equity? As many as a C-corp?
Tell me, can an S-corp issue the same varying types of shares a C-Corp can?
Tell me, can an LLC and S-corp sell equity shares the same way a C-Corp can?
You know nothing and it shows.
I have answered all your questions but it is you that have not answered mine. I understand you have no real business experience as a majority shareholder of any corporation or any business experience other than being a bean counter, so you say, but you could never convince me of that.
You claim the be the bean counter of this board. If true you have no clue and would suggest you resign.
What questions of yours have I not answered that are relevant to the discussion?
You still don't even know the difference between statutory and effective tax rates!
So again, why (
notice it's a question word! Not a statement!) should a C-Corp have sole proprietorship tax treatment when it has benefits that are not available to other forms of organization?