On July 14th, the IRS held a public hearing for the debt-equity rule (section 385 of the IRS code) that the Treasury Department proposed last April. The hearing, which had as many as 16 speakers from various industries,...
- What Do Corporate Income Taxes Cost American Families?
What Do Corporate Income Taxes Cost American Families?
This article explains that every American pays business taxes regardless of whether he or she owns a business. In fact, in 2007 the average household shouldered a corporate tax burden of $3,190.
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