Assuming a proprietorship, partnership, and corporation earns equal amount of income and it is distributed evenly among owners, the amount collected by government toward tax will be?
The amount collected by the government toward tax will depend on the tax rates and regulations applicable to each type of business entity.
1. Proprietorship: In a proprietorship, the business income is typically taxed as part of the owner's personal income. The tax rate will be based on the individual's income tax bracket and may include both federal and state taxes.
2. Partnership: In a partnership, the business income is usually passed through to the individual partners, who then report their share of the income on their personal tax returns. Similar to a proprietorship, the tax rate will be based on the individual partner's income tax bracket.
3. Corporation: Corporations are subject to corporate income tax. The tax rate for corporations can vary depending on the country and specific tax laws. This tax is separate from the individual income taxes paid by the owners or shareholders of the corporation. The distributed income received by the owners as dividends may also be subject to additional taxes like dividend taxes.
Without specific tax rates provided, it is not possible to determine the exact amount collected by the government toward tax for each business entity.