Saturday, December 6, 2014

If People Were Corporations -OR- How To Avoid Paying Taxes

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Since that lying douche bag, Mitt Romney and the douche bags on US Supreme Court declared corporations people then it would follow that people are also corporations and we enjoy the same rights and privileges as corporations as based on the ruling of the knuckleheads on the US Supreme Court. Since companies have been granted the same rights and privileges as citizens then it would follow that people be given the same rights as corporations. The fact is American corporations have rights and privileges that people don't have but would love to have.

From a financial and economic perspective: People pay taxes on their worldwide income. For instance, if you did work in Canada or Mexico you would be required by law to declare that income and pay taxes on it. American corporations are not required by law to pay taxes on their incomes providing they don't bring that money back to the US but keep it in the Cayman Island for instance like Mitt Romney Corp does.

Corporations Are People, And They Have More Rights Than You ...

According to Martin Sullivan the chief economist at Tax Analysts, if people were treated like corporations I could set up and affiliate and call it Fat Bastardo Corp Mexico have it pay my college tuition and then declare that the affiliate owns the owns the resulting degree. I could then tell the IRS that everything I earn above the average high school grad's income should be recorded as income in Mexico, since it is all derived from a Mexican-based asset i.e, Fat Bastardo Corp Mexico.

On federal income tax forms, individuals can deduct sales taxes they paid or state income taxes they paid but not both but companies can deduct both. SWEET!

As to gay marriage: If people were treated like corporations we would be able to "merge" with whoever we want with no concern about restrictive marriage laws according to UCLA law professor Adam Winkler and legal experts who have actually married a corporation.

Here's the best part! Even if you stole a house, raided pension funds, killed someone, funded a genocidal regime such as big pharma or terrorized the global economy you wouldn't go to jail. If you become a corporation you are essentially above the law. If you commit criminal acts, even murder on behalf of a corporation you won't even be arrested. What a deal!

If you want to become a corporation and be above the law it's easy, simply fill out form 1120-S by clicking here.

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