hi dig,
but they can do this a different way now, by taking profits offshore and shipping dividends to those guys at zero percent tax.
take ge's "taxpayers". ge paid 0% tax. its shareholders avoided income tax rates because they received dividend income. so the us treasury receives a whole lot of nothing on both sides of the transaction.
the wealth is transferred to the individuals involved without ever passing into the tax system.
in my model, if the income goes to an individual, it at least gets taxed one time as it transfers from a to b.
i also think it is harder to hide an individual taxpayer than to make a company disappear offshore.
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