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View Diary: FLASH: Mitt knows nothing about business taxation (165 comments)

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  •  That is making the generous assumption (1+ / 0-)
    Recommended by:

    that said C corporation actually paid any tax.  But of course we know that there are many, many C corporations that manage to pay dividends but little tax.

    Thus, Romney's mouthing off about "double taxation" is just gibberish.

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Mon Sep 24, 2012 at 02:56:38 PM PDT

    [ Parent ]

    •  In addition it's the rare private equity (3+ / 0-)
      Recommended by:
      ferg, ozsea1, Clem Yeobright

      portfolio company that pays a dividend. As part of the covenants with their debt holders they can't pay dividends. In addition few of them pay any federal income taxes because their interest payments create tax losses.  

      "let's talk about that"

      by VClib on Mon Sep 24, 2012 at 04:19:33 PM PDT

      [ Parent ]

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