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Clinton and Trump share ‘tax loophole’ address with Apple, Walmart and 285,000 firms
page: 2share:
a reply to: tothetenthpower
Make every effort to make this address prominent and shame the "F" out of these Tax Cheaters who want to Rule the Country.
1209 North Orange Street, Wilmington, Delaware
Would be a great place for a Mega Protest which the MSM would Ignore.But lots of cameras and Youtube videos can cover the event.
Make every effort to make this address prominent and shame the "F" out of these Tax Cheaters who want to Rule the Country.
1209 North Orange Street, Wilmington, Delaware
Would be a great place for a Mega Protest which the MSM would Ignore.But lots of cameras and Youtube videos can cover the event.
Though there is probably no point in it, let me try to explain the Delaware issue.
Delaware has some of the friendliest business laws of any state, and not just on the tax issue.
Taxes, both state and federal, depend on structure.
For example, if we are talking about a LLC, taxes are not an issue. An LLC is considered a "pass-through" entity in terms of federal and state taxes. This means that a LLC is not taxed directly and does not file tax returns. Taxes are collected through the personal income of the share holders.
Federal corporate taxes are not dependant on the state incorporated in and state taxes could very well better in Delaware.
One of the big reasons for corporations to incorporate in Delaware, and the only reason LLC form in Delaware is because the liability shield is dam near impenetrable in Delaware. In many states in can be very easy to penetrate the liability shield and the laws vary greatly state to state. It is really about protecting the personal assets of the shareholders. This is to be seen as a good thing. Imagine you were a shareholder in a business that gets sued for whatever reason. If the liability shield gets pierced, your personal assets as a shareholder are on the line to pay out the lawsuit.
As for the address you see, that is a registered agent. A registered agent receives official and legal mail. They also can sign for summons registered mail etc. It is a entity that is always open during business hours and has somebody in attendance as is required by law.
All mail, paperwork etc is then forwarded to the business. Almost all businesses use this type of service, especially small business as it can be hard to make that guarantee of somebody always being there.
So a protest at that address would be pointless, as nobody there actually has any direct connection to the business.
Delaware has some of the friendliest business laws of any state, and not just on the tax issue.
Taxes, both state and federal, depend on structure.
For example, if we are talking about a LLC, taxes are not an issue. An LLC is considered a "pass-through" entity in terms of federal and state taxes. This means that a LLC is not taxed directly and does not file tax returns. Taxes are collected through the personal income of the share holders.
Federal corporate taxes are not dependant on the state incorporated in and state taxes could very well better in Delaware.
One of the big reasons for corporations to incorporate in Delaware, and the only reason LLC form in Delaware is because the liability shield is dam near impenetrable in Delaware. In many states in can be very easy to penetrate the liability shield and the laws vary greatly state to state. It is really about protecting the personal assets of the shareholders. This is to be seen as a good thing. Imagine you were a shareholder in a business that gets sued for whatever reason. If the liability shield gets pierced, your personal assets as a shareholder are on the line to pay out the lawsuit.
As for the address you see, that is a registered agent. A registered agent receives official and legal mail. They also can sign for summons registered mail etc. It is a entity that is always open during business hours and has somebody in attendance as is required by law.
All mail, paperwork etc is then forwarded to the business. Almost all businesses use this type of service, especially small business as it can be hard to make that guarantee of somebody always being there.
So a protest at that address would be pointless, as nobody there actually has any direct connection to the business.
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