The Tax Preparation Blog

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Question: who pays the corporate income tax?

Answer: The C-Corporation pays the tax, but the individual ultimately bears it.
S-Corporations do not pay income tax except in limited circumstances (beyond the scope of this discussion).

Sen. Bernie Sanders: No to Oligarchy

Today, not content with huge tax breaks on their income; not content with massive corporate tax loopholes, the ruling elite and their lobbyists are working feverishly to either eliminate the estate tax or substantially lower it. We must not let them.

How this man pays no income tax by living in the Bahamas

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