Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
What is the relative tax advantage of corporate debt if the corporate tax rate is Tc=.35, the personal tax rate is Tp=.
What is the relative tax advantage of corporate debt if the corporate tax rate is Tc=.35, the personal tax rate is Tp=.35, but all the equity income is received as capital gains and escapes tax entirely (TpE=0)?
