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On Sun, 23 Nov 2003 07:03:52 -0700, Fred Elbel <[EMAIL PROTECTED]> wrote: >On Sun, 23 Nov 2003 00:51:43 GMT, Capitalist Pig <[EMAIL PROTECTED]> >wrote: > >> >> You are mistaken. The purpose is to provide returns to its >> shareholders. > >Incorrect. We created corporations under a social contract in order >to limit personal liability to owners while increasing benefits to >society. > Who's we? You and your imaginary friend? Corporations are created by state law. I'm unaware of any state who claims exist for the benefit of society. Feel free to prove me wrong, though, by showing me evidence to the contrary, namely, state law. > >> A corporation pays taxes to pay for the legal infrastructure it relies >> on. > >How does a corporation pay U.S. taxes for wages of workers in China? > Huh? Corporations pay a thing called "Corporate Income Tax".
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