Originally Posted by
timvwcom
CUBUCK, I've always thought the basic reason the corporation was taxed is because in concept, the ownership of the corporation is creating a new "entity" (akin to a person) often to mainly avoid any individual/personal liability for the corporation financially or elsewise? The penalty for the owners, and benefit for society, for releasing them from that liability is that they have to pay corporate taxes.
If any of the above is accurate, then removing the corporate tax just gives those owners a "free pass" from their liability in the legal sense, no?