Will Congress abolish corporations?

Christine writes that it will be fun watching the unintended consequences of raising the corporate dividend tax from 15% to 40%.

I doubt anybody will have more fun than me. She notes the effect on corporate decision-making. What corporations? Almost tripling the double tax will be a field day for uncorporations (unless Congress decides to delete Subchapter K while it's at it).

So get ready to buy my books, starting with Rise of the Uncorporation, and then moving onto Ribstein & Keatinge and Bromberg & Ribstein. Buy now before the price goes up 166%. And please recycle those corporate materials responsibly.

Comments

[Kate Litvak]

Larry, is the Congress making changes for non-corporate firms as well? They already know how to deal with the "I am not a corporation" claims -- they could just announce that every publicly-traded company is a corporation for the purposes of this tax. Or something like that. No?