“StoneMor Partners LP, the publicly traded firm that specializes in running cemeteries, expects to see handsome profits in coming years as baby boomers age and die. But unlike its largest rivals, its corporate tax bill from the federal government will be zero.
StoneMor is among the many businesses organized so they don’t pay a penny in federal corporate income tax. And yet such firms don’t employ an army of accountants to shield profits in complex tax shelters. Their enviable tax position is perfectly legal and has been encouraged by Congress and state governments….”
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this is fucking stupid media garbage. STON Is a master limited partnership which means all income is paid out to shareholders and THERE is where the taxes are paid. So every shareholder pays full taxes on their distribution as full income. There is no “tax shelter” or other bullshit.
Whoever wrote this is a fool