Quote:
Originally posted by taxwonk
I've made that point many times in the past on this board. Unfortunately, it seems to be beyond the ken of many of the posters, and disingenuously overlooked by many others.
In any event, you've picked one of very few posters to make that point who can honestly say you're preaching to the choir.
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Well, perhaps someone else would like to explain why it is "double" taxation to expect an entity that has taken great pains to become "separate" and a distinct "corpus" to be treated as a separate distinct corpus for tax purposes?
To me, the double tax argument seems to be a rephrasing of having one's cake and eating it, too.
