Chapter
Understanding Differences Between Corporate and Individual Income Taxes
12:41 - 17:30 (04:48)
The taxation system for corporations differs from individuals in the United States. For individuals, taxes are on gross income, while for corporations, profits and losses are taken into account.
Clips
The podcast discusses the difference between corporate and individual income tax in the United States.
12:41 - 17:30 (04:48)
Taxation
Summary
The podcast discusses the difference between corporate and individual income tax in the United States. While corporate profits go directly to individual income tax, individuals are taxed on their gross income.